Lukoil announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field.
The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 5,217 meters, the reach is 4,235 meters. The well’s initial flow rate is approximately 500 tons of crude oil per day. The use of a lower completion system with multi-position inflow control valves provides for the most efficient use of the well’s potential.
In addition, the construction of a 1,408 meters sidetrack was completed in the single-bore production well #14 under the additional drilling program within the first field development stage. The upgraded well with isolated bores will make it possible to produce crude oil from the original bore and the sidetrack separately thus increasing the hydrocarbon recovery factor.
The implementation of the Yury Korchagin field’s second development stage and of the additional drilling program at the first development stage will allow for production increase and extension of the production plateau at the field.