Lukoil Scores Appraisal Well Success off Ivory Coast



Russian explorer Lukoil reported Tuesday that its first appraisal well on the Independence field, offshore Cote d'Ivoire has proven oil in Turonian sands.

The Independence field, discovered in December 2011, is located on block CI-401 in the Gulf of Guinea. The well was drilled to a depth of more than 14,760 feet by the Eirik Raude (DW semisub) rig.

Lukoil said that data provided by the well is currently being processed in order to evaluate the potential resources within the field and this work will be used to make a final decision on further field appraisal.

The next phase of the drilling program off Cote d'Ivoire will be the spud of an exploration well in block CI-101.

Lukoil holds a 56.66-percent stake in blocks CI-101 and CI-401.



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