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Russia's LUKoil subsidiary starts to develop deposit near Volga

LUKoil-Perm, a subsidiary of Russia's largest private oil company LUKoil, started developing the Preobrazhenskoye oil deposit near the Volga with reserves of 200,000 tons, LUKoil-Perm said on Friday

Russia's LUKoil subsidiary starts to develop deposit near Volga Russia's LUKoil subsidiary starts to develop deposit near Volga

"The first batch of crude hydrocarbons was extracted from pioneer well number 265. Now the well is producing about 23 tons of oil a day," the company said in a statement.

This is the second deposit launched by Lukoil-Perm in 2010. This summer, the company launched the Sharonovskoye deposit, with oil reserves of over one million tons.

Source : RIA Novosti