Date: 7 months ago   Category: Energy

Lukoil has reported about opening of reserves of oil on the shelf of Cameroon — Rambler News Service


The consortium with participation of Lukoil has received inflows of oil during drilling on Etinde's site located on the shelf of Cameroon the vice-president of Lukoil for geological exploration and development Ilya Mandrik has reported on the sidelines of the forum "Geological exploration-2018". He has explained that following the results of drilling the company will estimate whether stocks are profitable for production. "We finish (drilling), we will estimate. Industrial liquid hydrocarbons have received inflows, but all this demands assessment" — Mandrik has told. In September of the current year it became known that the consortium with participation of Lukoil has begun drilling of the second prospecting IE-4 well on Etinde's site. "The Bowleven company declares the beginning of drilling of an appraisal well of IE-4 on the Etinde block (Cameroon) the operator of the New Age Cameroon Offshore Petroleum SA project (NewAge)" — the British Bowleven, one of partners of the Russian company on the project reported. The IE-4 well is the second of two appraisal wells which will be drilled in 2018. Drilling will take about 90 days. Participants of consortium have concluded the contract on use for drilling of the Topaz Driller drilling rig of the Vantage company. Services are provided by the American company Schlumberger. Also Bowleven has reported about completion of drilling of the first well on the Etinde block. Following the results of drilling reserves of hydrocarbons haven't been open. In February, 2018 the head of Lukoil Vagit Alekperov has reported that Lukoil plans to drill in 2018 two prospecting wells on the shelf of Cameroon. According to him, investments into the project will make $156 million Alekperov has added that drilling will come to the end until the end of the year then assessment of his results will begin. In June, 2014 Lukoil was included into the deep-water project on Etinde's site located on the shelf of Cameroon (the transaction on occurrence has come to the end in March, 2015). The site is located in the water area of Cameroon in the Gulf of Guinea, in close proximity to border of Equatorial Guinea. Development of the site is implemented on the basis of the production sharing agreement (Production Sharing Agreement) signed in December, 2008. In July, 2014 the license for development of the site of Etinde for a period of 20 years is granted. Before 13 of 15 exploratory and appraisal wells drilled on this site have yielded positive results. In 2015 two more appraisal wells are drilled. Development of the site is implemented on the basis of the production sharing agreement (Production Sharing Agreement) signed in December, 2008. Participants of the project: New Age — 37,5% (operator), Lukoil — 37,5%, Bowleven — 25%.

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