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.
 

 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Cost Engineer
Expertise: Cost Engineer
Location: US
 
Rig Electrician
Expertise: Electrician|Rig Electrician
Location: Texas, TX
 
Floorhand
Expertise: Floorhand
Location: Texas, TX
 
search for more jobs

Brent Crude Oil : $53.31/BBL 0.13%
Light Crude Oil : $48.52/BBL 0.55%
Natural Gas : $2.77/MMBtu 4.15%
Updated in last 24 hours