Middle East Economic Survey

VOL. LII

No 30

27-Jul-2009

CASPIAN

Lukoil Marks Progress On Yuri Korchagin Offshore Development

Russias Lukoil announced on 20 July a new phase of offshore construction operations at the Yuri Korchagin field in the Caspian Sea. The jacket and topsides for a single buoy mooring (SBM) system will be delivered by barge and installed at a distance of 58km from an ice-resistant fixed platform, for which offshore construction work is expected to be completed by the end of...