Russian Federation, Nov. 15 -- LUKOIL completed construction of the first well as part of Phase 3 of the development of the V. Filanovsky field in the Caspian Sea. The well was drilled with a floating jack up rig Neptune, mounted on a riser block platform.

The newly constructed well has two bores and features TAML level 5 intelligent completion system. The drill depth of the main bore is 3 235 meters. The bottom of the side track is 3 261 meters deep. Planned daily flow rate of oil is 1 838 metric tons.

Produced oil is delivered to the Phase 1 central processing platform via a subsea pipeline. Phase 3, intended to maintain annual oil production at the planned production level of six million metric tons of oil, will integrate western part ...