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.
"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.
NIZHNY NOVGOROD, Russia, Oct 22 (RIA Novosti)
