The first discovery — by a consortium of Talos Energy, Sierra Oil & Gas and Premier Oil is being described as one of the largest shallow-water oil finds of the past 20 years.
Talos has indicated that the field holds a massive 1.4bn to 2bn barrels of oil. To put that in context, the entire stock of Mexico’s “proven and probable” oil reserves was 12.8bn barrels in June 2017. At the same time Italian oil major Eni announced it had struck yet more oil and was upping its reserve estimates of a previous discovery. The shallow-water Amoca field, Eni notes, now holds at least 1.3bn barrels of oil equivalent, about 90 per cent of which is crude oil.
According to the agreement with Administration of Eiz Eldeen Saleem Sub-District LUKOIL implemented the first social project for this year, which was the Food Boxes Project.read more
The team of young employees of LUKOIL Uzbekistan Operating Company under the name of “Gorod Khlebniy” (“The City of Grain”) successfully performed at the “KVN Cup” humor contest held among the oil and gas producing entities of LUKOIL Group and bore away the highest award.read more