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2014 October 9   11:46

LUKOIL discovers new deposit in Baltic Sea

LUKOIL has discovered a new deposit in the Baltic Sea. According to IAA PortNews journalist, this has been announced at the International Specialized Offshore Exhibition and Conference (Offshore Marintec Russia) in Saint-Petersburg by Ilya Mandrik, Vice-President of LUKOIL.

According to him, the deposit evaluation is underway.

Lukoil representative also said that the production is not possible for the Company under the existing legislation of Russia though a required bill has been drafted already.

LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs.

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