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Lukoil Declares Force Majeure in CI-205 Project

Source: www.gulfoilandgas.com 4/4/2011, Location: Africa

LUKOIL Overseas (a wholly-owned subsidiary of OAO LUKOIL) released an official force majeure notification under the PSA terms with regards to the CI-205 offshore geological prospecting project to the Government of Cote d’Ivoire, relevant ministries and Oranto Petroleum and PETROCI Holding partner companies.

LUKOIL Overseas will resume active operations under the CI-205 project as soon as the situation in Cote d’Ivoire subsides.

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