Russian major private oil company LUKOIL has acquired a $185 million worth 37.5% stake in Etinde project off Cameroon from Bowleven, Africa-focused exploration group, in a production-sharing contract (PSC), the Russian and British companies report.
Russia’s Lukoil pays $185 million for stake in Cameroon field
According to Lukoil, 13 out of 16 drilled wells on the field hold oil
Lukoil headquarters in Moscow
© EPA PHOTO YURI KOCHETKOV