PJSC LukOil Re Pyakyakhinskoye Field (3817N)
25 October 2016 - 6:28PM
UK Regulatory
TIDMLKOD
RNS Number : 3817N
PJSC LukOil
25 October 2016
LUKOIL BEGINS COMMERCIAL PRODUCTION AT PYAKYAKHINSKOYE FIELD IN
WEST SIBERIA
LUKOIL started today commercial production at the
Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets
Autononous District. The official ceremony was attended by Deputy
Prime Minister of the Russian Federation Arkady Dvorkovich,
President of LUKOIL Vagit Alekperov and Governor of the
Yamal-Nenets Autonomous District Dmitry Kobylkin. The event is a
milestone for both the Company and the Russian oil and gas
industry.
The active construction and development phase at the
Pyakyakhinskoye field started in 2014. A gas-turbine electric power
plant with a capacity of 36 MW and a number of production, social
and environmental facilities have been built at the field to date,
including an oil treatment unit, a pump station of the
pressure-maintenance system, a condensate de-ethanization and
stabilization unit, a transfer-and-acceptance station, a gas
treatment unit, a refuse dump for household and industrial waste,
and a field camp for 300 people.
One hundred and seven (107) wells have been drilled at the
field, including 72 oil wells and 31 gas wells. Thirty-six (36) oil
wells are currently in production, with an overall daily flow rate
exceeding 3,000 tons (20,000 barrels). The crude oil is transported
via the Zapolyarye-Purpe pipeline.
The launch of gas production at the field is planned for the
latter part of 2016. Marketable gas from the field will be
transported via a trunk pipeline to a gas-compressor station near
the Nakhodkinskoye field and farther on to the Yamburgskaya
gas-compressor station.
The field is planned to produce 1.5 million tons of crude oil
and gas condensate and 3 billion cubic meters of natural gas in
2017.
Arkady Dvorkovich also presented state awards to 4 employees of
LUKOIL-West Siberia.
Note:
The Pyakyakhinskoye oil and gas condensate field is one of the
largest fields in the Yamal-Nenets Autonomous District put into
production during the past several years in terms of reserve
base.
The field, discovered in 1989, is located within the
Bolshekhetskaya depression in the Yamal-Nenets Autonomous District.
LUKOIL began production in this region in 2005 by commissioning the
Nakhodkinskoye field.
Recoverable reserves of the Pyakyakhinskoye field of the C1+C2
category under the Russian reserve classification are estimated at
86 million tons of liquids and 253 billion cubic meters of gas.
The Pyakyakhinskoye field facilities, built with the use of
Russian-made equipment and materials, are designed to withstand the
extreme operating conditions at sub-zero ambient temperatures of up
to -56 deg centigrade.
All activities at the Pyakyakhinskoye field meet the
requirements of the Russian legislation, including those protecting
the rights of the local indigenous people.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 25, 2016 03:28 ET (07:28 GMT)
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