Lukoil to Splash USD 100 mln on Exploration Offshore Sierra Leone

Lukoil, a Russian oil and gas exploration and production company, plans to spend approximately USD 100 million on exploration activities off the coast of Sierra Leone, AFP reports.

Anatoli Katoshin, Lukoil vice-president told AFP “We are going to invest $100 million in the first phase of an oil exploration venture in the first quarter of 2013.”

Lukoil is by no means a newcomer to the oil rich West Africa region. They have assets in Ghana and Cote d’Ivoire and, in 2011, through its subsidiary LUKOIL Overseas, they expanded their African assets portfolio by acquiring a stake in an offshore deepwater block in Sierra Leone.

The block, called SL-5-11, in which Lukoil bought 49% from Nigeria-based Oranto Petroleum, covers an area of 4,022 square kilometers with water depth ranging from 100 to 3.300 meters. The company has already acquired seismic data and preliminary forecast identified a number of prospects with material oil resources.

The Russian oil giant has every right to be optimistic about Sierra Leone’s oil potential. In February 2012, another oil giant, the U.S. based Anadarko, reported that its Jupiter-1 well, offshore Sierra Leone, had encountered hydrocarbons.

Offshore Energy Today Staff, April 6, 2012; Image: Lukoil



Share this article

Follow Offshore Energy Today


<< May 2017 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >

Global Offshore Technology Innovation Conference (OTIC) 2017

The conference is a combination of case study presentations, highly interactive workshops and informative panel discussions in order…

read more >

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! …

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >


Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.


QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.



For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.