Bloomberg News

Lukoil’s Sierra Leone Exploration to Cost at Least $100 Million

October 17, 2011

Oct. 17 (Bloomberg) -- OAO Lukoil, the Russian oil producer with the most assets abroad, said that its exploration program off Sierra Leone will cost a minimum of $100 million.

Over the next two years, the Moscow-based company will reassess seismic data and drill an exploration well, Lukoil’s overseas unit said in a corporate publication posted on its website today.

--Editors: Amanda Jordan, John Viljoen

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.


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