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Monday, September 17, 2007

Lukoil dives in with Pertamina

06 September 2007 - Upstream OnLine - Russian producer Lukoil has teamed up with Indonesia's Pertamina to explore three blocks off the south-east Asian nation, company boss Vagit Alekperov said today. Alekperov told Russia's state television Vesti-24 the company's geologists believe the three blocks might hold up to 150 million tonnes of reserves. He did not say how much of the venture will be divided between Lukoil and Petramina. The exploration deal was signed during Russia's President Vladimir Putin visit to Indonesia, a company release said.

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