TOTAL & LUKIOL: OVER RUSSIAN SHALE
FT. Total is in talks to partner with Lukoil on its shale oil projects in Russia, as Moscow targets unconventional resources to replace falling production at ageing fields in Siberia.
Lukoil, the largest private energy company in Russia, is exploring the giant but unproven Bazhenov formation, which holds the lion's share of Russia's shale oil reserves, estimated by the US Department of Energy to be the biggest in the world.
People familiar with the matter said that Lukoil and the French oil major are discussing a joint venture to co-operate on the…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.