CERAWeek: Lukoil eyes Siberian Bazhenov, US shale stake

By OGJ editors
HOUSTON, Mar. 9
-- OAO Lukoil is experimenting with shale oil recovery in Russia and is interested in participating in a US shale play, the company’s president said at the IHS-CERA energy conference in Houston this week.

Vagit Alekperov said Lukoil is experimenting in the Jurassic Bazhenov shale in Western Siberia, one of the world’s most prolific source rocks (OGJ, May 22, 2000, p. 38).

Alekperov said Lukoil would like to identify a partner and become involved in shale drilling in the US, where a number of non-US companies have taken positions in recent times, in order to transfer drilling and completion technologies to the Bazhenov.



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

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...