Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Lukoil Farms into Ivory Coast Block

change text size

Russia's Lukoil reported Tuesday that it has farmed into the Block CI-504 exploration, development and production project offshore Cote d'Ivoire.

Lukoil said it has acquired a 65-percent stake in the project from Nigerian firm Taleveras Energy, which will still retain 25 percent itself. The remain 10-percent of the project is held by state oil company Petroci.

Lukoil noted that Block CI-504 is located in close proximity to the producing Baobab field. It covers an area of 153 square miles and water depths range between 2,625 feet and 6,890 feet. The block also borders Block CI-205 to the south, which is already operated by Lukoil/

Lukoil said the new license will see it commit to three work periods, the first of which calls for the interpretation of historical 2D and 3D seismic data as well as additional 3D seismic data acquisition by January 2014. Two other five-year periods will provide for the drilling of two exploration wells.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  ExxonMobil Extends OSV Charters with A... (Sep 30)
 -  Petronas Inks Agreements with Pemex, Y... (Sep 29)
 -  Tanjung Offshore Bags $61.5M EPIC Cont... (Sep 26)
 -  SapuraKencana Posts 2Q FY15 Net Profit... (Sep 25)
 -  GNRL Oil & Gas Finds Oil at ND#1A Well... (Sep 23)
Most Popular Articles
From the Career Center
Jobs that may interest you
Project Specialist - Laboratory Division
Expertise: Project Management
Location: Calgary
 
Production Planner I
Expertise: Process Management
Location: Fort Worth, TX
 
Chief Financial Officer (CFO)
Expertise: Executive
Location: Houma , LA
 
search for more jobs