The field is located in the Russian sector of the Caspian Sea and is the first discovery within the North Caspian licence area, where Caspian Oil identified 10 prospective structures during the exploration period.
Lukoil and Rosneft are equal partners in Caspian Oil, each holding a 49.9% shareholding, with the gas monopoly Gazprom holding the remaining minority interest. The development of West Rakushechnoye has been on hold since its discovery in 2008.
That
