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LUKoil's Investment Into Filanovsky Field Totals $1.4 Bln

Sputnik International

Russian oil company LUKoil has invested 87.1 billion rubles ($1.39 billion) in the Filanovsky field in the Caspian Sea, LUKoil's Vice President for Geologic... 05.10.2016, Sputnik International

2016-10-05T08:46+0000

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LUKoil's Investment Into Filanovsky Field Totals $1.4 Bln

08:46 GMT 05.10.2016

Visitors near the Lukoil display at the World Petroleum Exhibition held at Crocus Expo International Exhibition Center. File photo - Sputnik International

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Russian oil company LUKoil has invested 87.1 billion rubles ($1.39 billion) in the Filanovsky field in the Caspian Sea, LUKoil's Vice President for Geologic Exploration Ilya Mandrik said Wednesday.

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5 October 2016, 06:45 GMT

ST. PETERSBURG (Sputnik) — Speaking at the Offshore Marintec Russia conference in St. Petersburg, Mandrik's presentation indicated that effective investment in the project totaled 87.1 billion rubles.

The senior executive said production at Filanovsky's two wells put into operation last month amounted to 60,000 metric tonnes of oil as of October 1.