Petroleum Africa
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Wednesday, October 23, 2013
Lukoil and Oranto Petroleum have completed their first well offshore Sierra Leone. According to the government the well confirmed the presence of ‘high quality’ oil on deepwater Block SL-5-11.
In a statement issued late Monday, the government congratulated Lukoil and said a full appraisal of the amount of potential oil would be completed by the end of the year.
Lukoil, who farmed into the block in mid-2011, has a 49% stake in Block SL-5-11 partnered with Oranto. The block is located in a basin where multiple sizeable oil fields have recently been discovered.
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