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.

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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