“LUKOIL has told about plans for drilling offshore Cameroon

According to Alekperov, the company is preparing proposals to the government of Ghana to move the project to the development stage

LUKOIL plans to drill two exploration wells offshore Cameroon, told reporters the President of the company Vagit Alekperov. He added that for the company in this project have opportunities for gas production.

“We made the investment decision has on the drilling of two exploration wells on the block Cameroon. They open up new possibilities for the processing of gas,” he said.

Alekperov also said that LUKOIL is preparing proposals to the government of Ghana to move the project to the development stage.

LUKOIL participates in the project of development of the etinde area was (Etinde), offshore Cameroon, in the Gulf of Guinea (West Africa).

Earlier it was reported that the government of Cameroon has reached an agreement with NewAge, which is the operator of the project Etinde, the use of gas produced there for filling floating LNG plant (FLNG). “The government will allow the project to go ahead as FLNG-ship,” – said the source of Interfax Global Energy Services, close to the Cameroonian oil and gas state-owned Societe Nationale des Hydrocarbures (SNH).

Etinde the project is implemented on the basis of the agreement on production section (SRP), signed on 22 December 2008. The project participants are LUKOIL (30%), Jersey New Age (African Global Energy) Ltd (30%), British Bowleven Plc (20%) and SNH (20%). The license to develop the etinde area was issued on July 29, 2014 for a period of 20 years.

LUKOIL participates in the project in Ghana Deepwater Tano/Cape Three Points in partnership with the American Hess. The project operator is Hess (50%), LUKOIL owns 38%, Ghana National Petroleum Corporation – 10%, Fueltrade Limited – 2%.

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