LUKOIL: Signs Offshore Etinde Block in Cameroon
LUKOIL closed a transaction to enter a project to develop the Etinde block offshore the Republic of Cameroon in the Gulf of Guinea (West Africa). Earlier, the Company met all the preliminary conditions of the acquisition agreement signed in June 2014. This included obtaining approval from the Cameroon Ministry of …
Lukoil Joins Shelf Project In Cameroon
LUKOIL has acquired a 37.5-percent interest from the British company Bowleven Plc in the development project of the Etinde site at Cameroon’s shelf as part of a production-sharing agreement (PSA). The transaction will be completed upon approval on the part of Bowleven Plc’s shareholders and the government of Cameroon. The Etinde site …