Lukoil takes charge of deepwater block offshore Côte d’Ivoire

Offshore staff

MOSCOW – LUKOIL Overseas has taken a 65% operated stake in block CI-504 offshore Republic of Côte d’Ivoire.

Nigerian independent Taleveras Energy will retain a 25% interest, with state-owned PETROCI holding the remaining 10%.

The block, near the producing Baobab field, covers 399 sq km (154 sq mi) in water depths from 800-2,100 m (2,625-6,890 ft). To the south, LUKOIL operates neighboring block CI-205.

The first exploration period for the new block calls for interpretation of historical 2D and 3D seismic data, and further 3D seismic acquisition by January 2014. Two other five-year periods provide for drilling of two exploration wells.

6/11/2013

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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...