Project Profile
Geography: Russian section of Caspian Sea, off Dagestan
Sea Depth: 50 metres
Value: -
Resource: -
Start-up year: 2023
LUKoil-Nizhnevolzhskneft, a local subsidiary of Russia\'s LUKoil, received an exploration licence for the Central-Caspian licence area in 2003. In March 2017, LUKoil announced the discovery of an oil-bearing formation at Khazri while drilling an exploration well to a depth of over 4,650 metres.
Operator: LUKoil
Contractors: Eurasia Drilling