28 Aug 2009 18:55

Lukoil plans to start drilling in Ghana in Sep

MOSCOW. Aug 28 (Interfax) - OJSC Lukoil plans to start deep well drilling off the coast of Ghana in September, the company's vice president, Leonid Fedun, said during a conference call in Moscow.

"In September, well drilling is planned at a sea depth of around three kilometers," he said, adding that Lukoil had successfully completed its survey of Ghana's coast.

Fedun stressed that following the discovery of several fields off the coast of Ghana, the country "had become of much interest to all oil companies."

It was earlier reported that Lukoil had acquired a stake in the project Cape Three Points Deep Water with Vanco Energy and extended the exploration period for the area until the end of April 2009. In April, an agreement was reached to extend exploration by three years with an option for two additional one-year prolongations.

Cape Three Points Deep Water covers an area of 5,140 square kilometers at depths between 200 and 3,000 meters.