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LUKOIL, Saipem sign Caspian Sea pipeline deal [free access]

Russia’s LUKOIL and Italian engineering group Saipem have signed a contract to construct subsea pipelines for transportation of oil and natural gas from the Northern Caspian fields in Russia.

The scope of work includes laying of two pipelines on the seabed to connect the riser block located at the Vladimir Filanovsky field with the landfall and the onshore site to the hub of plugging devices.

The oil pipeline will have a diameter of 559 millimetres, its length to the coast will be 114 km and the length to the hub of plugging devices will be 10 km. The pipeline will have a diameter of 711 millimetres, its total length will be 114 km and the length to the hub of plugging devices will be 20 km. Construction is expected to be completed in the second half of 2015, alongside the commissioning of the field.

The field is estimated to have oil reserves of 153.1 million tonnes and gas reserves of 32.2 Bcm.