Lukoil drills its first wildcat offshore Côte d’Ivoire

Lukoil Overseas (operator of Lukoil Group's overseas upstream projects) has completed drilling its first offshore exploration well, Capitaine East-1x, at block CI-101 in the Republic of Côte d'Ivoire.

Apr 5th, 2014

Offshore staff

HOUSTONLukoil Overseas (operator of Lukoil Group's overseas upstream projects) has completed drilling its first offshore exploration well, Capitaine East-1x, at block CI-101 in the Republic of Côte d'Ivoire.

The well penetrated 140 m (459 ft) of sandstone from a Turonian formation. The survey confirmed the presence of hydrocarbons, indicating oil potential, said Lukoil.

The Capitaine East-1X well target depth exceeds 5,200 m (17,060 ft); the water depth at the well location exceeds 2,000 m (6,562 ft). Drilling was conducted using theEirik Raude, a fifth-generation self-propelled semisubmersible drilling rig.

At the end of 2013, Lukoil completed drilling an appraisal well at the Independence field, located northeast of block CI-101 (at the adjacent CI-401 block). A survey is in progress to determine the block's resource potential. A proposal to drill another appraisal well at the Independence field will be considered soon.

Lukoil entered a production sharing agreement for the exploration, appraisal, development, and production of hydrocarbons in blocks CI-101 and CI-401 in 2006. Shares in the project are distributed as follows: Lukoil, 56.66% (operator since 2012); PanAtlantic (formerly Vanco), 28.34%; state-owned PETROCI Holding, 15%.

04/05/2014

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