RusEnergy

10 April 2008 Upstream OnLine by Rob Watts - Lukoil has announced a new oil discovery at the Bayandyskoye field in Russia's Timan-Pechora region. Company vice president Leonid Fedun said the find holds about 300 million barrels of 3P reserves. Flow rates on the field's first well hit about 5000 barrels per day, Fedun said at the company's capital markets day held in London today. Operations are continuing on a second well at the field, he added.