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.

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