Gulf Oil and Gas accountACCOUNT

LUKOIL Assumes Operatorship of Three Projects in WA

Source: www.gulfoilandgas.com 5/31/2012, Location: Africa

LUKOIL Overseas (wholly-owned subsidiary of LUKOIL) took over the operatorship of offshore exploration projects CI-101 and CI-401 (Republic of Cote d'Ivoire) and Cape Three Points Deep Water (CTPDW, Republic of Ghana) from Vanco Group.

All of the three blocks are located close to each other on the deepwater continental slope in the Gulf of Guinea. LUKOIL Overseas entered these projects in July, 2006 with a share of 56.66%. Since then 3 deepwater exploration wells were drilled (Dzata and Cheetah prospects) within CTPDW block which discovered a field with hydrocarbon reserves of non-commercial categories. In December 2011 an oil and gas condensate field was discovered in a sandstone pay in a well drilled to the depth of 4,100 meters in water depth of 1,700 meters on CI-401 block (Independance prospect). Current activities include planning of appraisal program for the discovered field, updating of the geological model and preparation of a work program for CI-101 and CTPDW blocks.

Simultaneously with taking over the operatorship, LUKOIL Overseas has also signed an agreement to acquire Vanco Exploration Company (VEX), a service company of Vanco Group.

Acquisitions and Divestitures News in Ivory Coast (Cote D'Ivoire) >>

China >>  4/24/2019 - CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina for Beibu Gulf 23/29 Block and B...
United States >>  4/23/2019 - Duke Energy Renewables, a subsidiary of Duke Energy, announced it has acquired the 150-megawatt (MW) North Rosamond solar project in Kern County, Cali...

United Arab Emirates >>  4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agree...
United Kingdom >>  4/18/2019 - Angus Energy is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Do...

United Kingdom >>  4/18/2019 - ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion,...
Argentina >>  4/17/2019 - Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Ivory Coast (Cote D'Ivoire) Oil & Gas 1 >>  2 |

Oil & Gas Projects in Ivory Coast (Cote D'Ivoire) >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.