Design Oil Production Level News

Lukoil, Conocophillips’ YK Field Production Begins

One of the biggest fields in the north of the Timan Pechora oil and gas province, this field is developed by OOO Naryanmarneftegaz, a LUKOIL and ConocoPhillips joint venture (70% and 30%, respectively). The field was discovered in 1981. Oil quality there surpasses the Russian Urals export blend quality: its density is 35.5 API (Urals, 32.0 API), and sulfur content is 0.71% (Urals, 1.3%). The first stage comprises 32 development wells, an oil treatment unit, an oil desulfurization unit…