Lukoil Overseas, Saudi Aramco plan seismic surveys in Saudi Arabia

Nov. 4, 2004
Luksar Energy, a joint venture of OAO Lukoil Overseas Holding Ltd. and Saudi Aramco, hired WesternGeco, Houston, to conduct 2D and 3D seismic surveys on Contract Area A in the northern Rub al-Khali desert in Saudi Arabia.

By OGJ editors

HOUSTON, Nov. 3 -- Luksar Energy, a joint venture of OAO Lukoil Overseas Holding Ltd. and Saudi Aramco, hired WesternGeco, Houston, to conduct 2D and 3D seismic surveys on Contract Area A in the northern Rub al-Khali desert in Saudi Arabia.

WesternGeco is to start the work Nov. 25 on seismic surveys expected to continue through 2005. Exploration drilling is anticipated for early 2006.

The exploration period covers 5 years. During this period, Luksar Energy will conduct seismic surveys and drill at least nine exploration wells. Lukoil Overseas obtained a 40-year contract early this year to explore for and produce nonassociated natural gas in Contract Area A.