Lukoil is in talks with U.S. oil firm Hess Corp
to buy a stake in its offshore project in Ghana, two sources close to
the talks said, as part of its strategy to look beyond a closed Russian
market. Lukoil, a private company that is struggling to get a foothold
in new major domestic fields largely taken by state firms, has the most
foreign interests of any Russian energy company.
‘Lukoil is interested in the Deepwater Tano/Cape Three Points project
operated by Hess,’ one of the sources said. The project, located about
44 miles (70 km) offshore Ghana, is 90 percent owned by Hess, and the
rest belongs to Ghana National Petroleum Company. Hess started
pre-development studies on the block after finishing drilling its
seventh well last year.
The other source said Lukoil was considering buying a significant
stake but not a majority stake. Lukoil declined to comment. Hess did not
immediately respond to a request for a comment.
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