Total, Lukoil Team up to Seek Shale Oil in Russia
May 23 2014 - 5:40AM
Dow Jones News
PARIS--French oil major Total SA (TOT) Friday said it created a
joint-venture with Russian rival Lukoil Holdings (LUKOY) to seek
and develop shale oil in the Bazhenov area in Western Siberia.
Total will hold 49% in the venture and Lukoil will hold the
remaining 51%, the company said.
Both companies will seek shale oil in the Bazhenov formation in
Siberia in an area of 2,700 square kilometers.
The companies didn't provide information over amounts to be
invested in the project.
-Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Pjsc Lukoil (LSE:LKOH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pjsc Lukoil (LSE:LKOH)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Pjsc Lukoil (London Stock Exchange): 0 recent articles
More Lukoil Ord News Articles