Lukoil backs into Sierra Leone block

Offshore staff

MOSCOW – LUKOIL Overseas has acquired a 49% interest from ORANTO Petroleum in a tract off Sierra Leone.

The agreed exploration program for the SL-5-11 offshore block calls for drilling of one exploration well before 2013.

SL-5-11 covers an area of 4,022 sq km (1,553 sq mi), with water depths varying from 100 m (328 ft) to 3.3 km (2 mi). The block is part of the Sierra Leone - Liberia geological basin.

Lukoil says 2D and 3D seismic surveys have been conducted over the block, revealing several promising structures.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...