Lukoil to Drill Five African Wells in 2013
MOSCOW – OAO Lukoil Holdings will drill five wells in Africa next year at a cost of $600 million, a senior company executive said Wednesday on the sidelines of the Energy Intelligence conference in Moscow.
Russia's second-largest oil producer will drill three wells in the Ivory Coast, one in Ghana and one in Sierra Leone, said Andrey Kuzyaev, president of Lukoil Overseas.
Lukoil has looked abroad to offset declining Russian production in recent years.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Transneft: Oil Supplies to Lukoil's Norsi Refinery Suspended Due to Fire (Oct 05)
- Russia's Lukoil Eyes Decade Of Oil Output Growth (Sep 20)
- Lukoil Finds Oil at Iraq Well (Feb 22)