Lukoil said on October 26, 2017, that it has finalized drilling on its 8th well at the Vladimir Filanovsky field in the Caspian Sea.
The latest well is a horizontal producing one, with a section of 1,560 metres and a flow rate of 2,800 tonnes per day.
As a result of unlocking the additional resources, the projects total production is expected to reach 6 million tonnes a year.
At present, there are 6 producing wells and 2 water injectors (also currently producing oil) in operation at the field.
Within the Phase 2 of the Filanovsky field development plan, construction and individual equipment testing works at fixed ice-resistant platform, the accommodation block platform and the connecting bridge will have been completed by the end of 2017. A drilling complex and systems are also planned to be put into operation.