Lukoil Expands In West Africa With Talisman Project Stake

Law360, New York (November 7, 2012, 5:14 PM EST) -- OAO Lukoil on Wednesday became the latest oil and gas giant to beef up its West African portfolio when it announced the purchase of a chunk of Talisman Energy Inc.'s early stage exploration project off the coast of Sierra Leone.

The deal gives Lukoil a 25 percent stake in the exploration, development and production of Talisman-operated block SL-4B-10 in the Gulf of Guinea, according to a statement from Lukoil, the second largest oil producer in world-leading Russia. The new project site lies immediately to the northwest...
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