Page 16 - FSUOGM Week 38

FSUOGM PROJECTS & COMPANIES FSUOGM

Lukoil installs jackets at next Caspian field

RUSSIA RUSSIA’S Lukoil has finished installing the jack- year (24,000 barrels per day) of oil and 103mn
ets of an ice-resistant stationary production plat- cubic metres per year of gas at peak capacity.
The Caspian is one of form at the Grayfer oilfield in the Caspian Sea, Its initial recoverable reserves are 39mn tonnes
Lukoil's main focuses ahead of its target launch in 2022. (286mn barrels) of oil and 33bn cubic metres of
for development. Grayfer, formerly known as Rakushechnoye, gas.
will be Lukoil’s third oilfield in the Russian waters The Caspian is one of Lukoil’s main focuses
of the Caspian to come on stream. Its Korchagin for development. It produced 7.37mn tonnes
and Filanovsky fields have been producing oil (148,000 bpd) of oil in the Russian zone in 2019,
since 2010 and 2016 respectively. according to Russian energy ministry data, up
Work on the 3,700-tonne jackets was started 7% year on year thanks to the commissioning of
in August 2018 at a shipyard in Astrakhan. They the third phase of Filanovsky’s development.
were coated with metal to prevent corrosion The company has several other fields in the
using a unique Russian technology, Lukoil said. Russian section, mostly consisting of gas, but
The company plans to mount topsides on none of them have reached FID. It also controls
Grayfer’s production platform and its accom- several undeveloped deposits off Kazakhstan.
modation platform in 2021. Oil from Lukoil’s Caspian fields is dispatched
Grayfer, located 100 km from shore and 8.5 to markets via the Caspian Pipeline Consor-
km from Filanovsky, was discovered in 2001. tium (CPC) pipeline, which transports Russian
A final investment decision (FID) at Grayfer and Kazakh crude to Novorossiysk, where it is
was taken in July 2018 and the field was origi- loaded onto tankers. The fields’ gas is less easily
nally due to start up in 2023, but its launch was monetised. Lukoil currently sells some of it to
brought forward by a year. Gazprom and uses the remainder as feedstock
Grayer is due to produce 1.2mn tonnes per for petrochemical production. ™

NEWS IN BRIEF

Russia to hold auction for could be used to provide oil storage services,
RUSSIA to create a licensed customs warehouse that
Russian pipemakers to get oil and gas field in Yamalo- Ukrtransnafta CEO Mykola Havrylenko
was quoted as saying by Interfax Ukraine on
more support from Gazprom Nenets September 21.
According to Havrylenko, the warehouse
in 4Q20 The Russian government has decreed that could be built next to the linear part of the
Kremenchuk-Lysychansk oil pipeline, where
an auction be held in 2020 for rights to the
Russia's large diameter pipe (LDP) producers Zapadno-Minkhovsky block located in the there is a technical possibility to store about
expect new purchase contracts worth Yamalo-Nenets Autonomous Okrug and 400,000 tonnes of crude oil, or, alternatively,
RUB100bn ($1.3bn) to come from state partly in the Taz Bay of the Kara Sea. A at the Pivdenny Sea Oil Terminal in the Black
natural gas giant Gazprom, according to licence will be offered for geological studies, Sea Odesa region.
Interfax. The order could amount to 1.3mn exploration and production, according to a The company retains plans to expand the
tonnes of LDP, with the first delivery of 1mn decree by Prime Minister Mikhail Mishustin, tank farm of the Pivdenny Sea Oil Terminal
tonnes until March 2021. published on the cabinet's website. with the installation of four tanks with a
As reported by bne IntelliNews, Rosnedra was instructed to approve the capacity of 120,000 tonnes each, Havrylenko
previously this year Gazprom had already rules of procedure for the auction. added.
completed a major RUB96bn tender for It is noted that gas reserves at the site Ukrtransnafta applied to the Ministry
LDP, which was expected to support the amount to 30.3bn cubic metres (D category), of Finance in order to obtain permission to
pipemaking and steel industry. 89.8 bcm (D1 category) and 209.4 bcm (D2 create a licensed customs warehouse on the
Reportedly, the OMK (Viskunskiy plant) category. Its condensate reserves amount basis of its capacities to provide oil storage
company became the main beneficiary of to 5.4mn tonnes (D1) and 21.8mn tonnes services in April.
the delivery (35% of Gazprom’s purchase (D2). There are no special conditions for the An interest in storing oil in Ukraine
volumes). Severstal took second place (25% bidders within the framework of the auction. in the spring, against the background
of the purchase), followed by CHTPZ and of an oversupply of oil on the market in
TMK (15% each), as well as Zagorsk pipe particular, was shown by the Azerbaijani
plant (10%). state company SOCAR. But Ukrainian oil
BCS Global Markets on September 17 EASTERN EUROPE and gas executives said that the country
commented that the new LDP tender tender did not have sufficient oil storage capacity
should provide support for Severstal’s and Ukrtransnafta to provide oil to be able to offer it to foreign companies
TMK’s financials in 4Q20-2021 by securing at the moment.
production volumes, and sees the news as storage services
positive.
Ukraine's state-run pipeline operator
Ukrtransnafta has been granted permission

P16 www. NEWSBASE .com Week 38 23•September•2020