Project Profile

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Location: Baltic Sea, 22.5 km from coast of Kaliningrad region
Value: undisclosed
Water depth: 25-35 metres
Petroleum basin: Baltic
Discovery Year: 1983
Production start-up: 2004
The Kravtsovskoye oilfield was identified in 1983. Lukoil secured a licence to develop the site in 1997 and began oil production in 2004. Production is carried out at an ice-resistant fixed platform developed by Lukoil. Output is now in decline, averaging 7,000 boepd in 2017.
Operators:
Lukoil (Russia) with 100% interest