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2014-04-03 08:00:00

LUKOIL COMPLETES WELL

LUKOIL COMPLETES  WELL

OGJ. Lukoil Overseas has completed drilling an exploration well on Block CI-101 offshore Ivory Coast.
The Capitaine East-1x well penetrated through 140 m of sandstone from a Turonian formation, Lukoil reported. The survey confirmed the presence of hydrocarbons, indicating the oil potential of the area.
The well target depth is more than 5,200 m, while the water depth at the well location is more than 2,000 m. Drilling was conducted using the Eirik Raude, a fifth generation self-propelled semisubmersible drilling rig.
Lukoil completed drilling an appraisal well during the end of 2013 at Independence field, which is northeast of Block CI-101. A survey is in progress to determine the block's resource potential. The company said a proposal to drill another appraisal well at the field will be considered soon.
Lukoil, the project's operator, entered a production-sharing agreement for the exploration, appraisal, development, and production of hydrocarbons on Blocks CI-101 and CI-401 in 2006 (OGJ Online, Oct. 15, 2010; Dec. 8, 2011). Lukoil holds 56.66% interest, PanAtlantic (formerly Vanco Energy Co.), 28.34%, and Petroci Holding, 15%.

Tags: LUKOIL, OIL, IVORY COAST

Chronicle:

LUKOIL COMPLETES  WELL
2017, December, 13, 12:10:00

SIEMENS BUILDS FOR LIBYA

PENNENERGY - Germany's Siemens says it has signed contracts worth some 700 million euros ($824 million) to build two gas-powered electricity plants in Libya.

LUKOIL COMPLETES  WELL
2017, December, 13, 12:05:00

FRENCH THERMONUCLEAR REACTOR

WNN - Construction of the Iter fusion reactor, being built at Cadarache in the south of France, is now 50% complete, the Iter Organisation has announced. The reactor - construction of which began in 2010 - is scheduled to achieve first plasma in 2025.

LUKOIL COMPLETES  WELL
2017, December, 11, 10:25:00

OIL PRICE: NOT ABOVE $64 YET

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $57.14 a barrel at 0418 GMT, down 22 cents, or 0.4 percent, from their last settlement. Brent crude futures LCOc1, the international benchmark for oil prices, were down 25 cents, or 0.4 percent, at $63.15 a barrel.

LUKOIL COMPLETES  WELL
2017, December, 11, 10:20:00

RUSSIAN GAZPROM'S NEW RECORD

PLATTS - Taking into account the nominated volume for Friday, Gazprom will have exported 179.8 Bcm to what it calls the Far Abroad -- Europe and Turkey, but not the countries of the former Soviet Union -- higher than last year's then record high of 179.3 Bcm.

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