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LUKOIL to take part in two E & P projects in Colombia

Petroleumworld
Stavanger, Norway
Petroleumworld.com 04 10 06

OAO LUKOIL sent a request for taking part in two projects for developing oil fields in Colombia, announced by Colombian public company Ecopetrol, reports Bloomberg agency.

The first project proposes developing oil fields in Meta province and is valued USD 1.6 bn. The competition winner will obtain the right to hold geological prospecting and oil production in the field. Oil reserves are estimated at 3 bn barrels.

Other participants are - Petroleo Brasileiro, Total, Repsol, China Petroleum & Chemical Corp., Exxon Mobil, BP, Chevron.

LUKOIL also sent a request for taking part in a tender for Tibu field exploitation. The project is valued USD 200 mn. The other participants are Vintage Petroleumc, Petrobras, Burlington Resources.

Petroleumworld 04 10 06

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