Lukoil PJSC (LKOH.MZ) said Thursday that it has finalized drilling on its eighth well at the Vladimir Filanovsky field in the Caspian Sea, which is flowing at a rate 2,800 tones of oil a day.
As a result, the project's total production has reached 16,500 thousand tons of oil per day, or 6 million tons on an annualized basis, the Russian oil company said.
Continue Reading Below
It added that at present, there are six producing wells and two water injectors in operation at the field.
Write to Ian Walker at firstname.lastname@example.org; @IanWalk40289749
(END) Dow Jones Newswires
October 26, 2017 03:39 ET (07:39 GMT)