Lukoil-Perm finds oil in Russia's Perm region

Lukoil-Perm, the operating arm of Lukoil Overseas Holding Ltd., has discovered oil with an exploration well drilled to 1,800 m in the Oktyabrsky and Chernushinsky districts in the southern Perm region of Russia.
April 10, 2006

By OGJ editors
HOUSTON, Apr. 10 -- Lukoil-Perm, the operating arm of Lukoil Overseas Holding Ltd., has discovered oil with an exploration well drilled to 1,800 m in the Oktyabrsky and Chernushinsky districts in the southern Perm region of Russia.

It encountered oil in Verean, Lower and Mid-Visean, and Upper Devonian-Tournaisian age sands of a field it has designated Sharonovskoe.

Lukoil-Perm plans to bring the field on line in 2009. Peak production of 400 b/d is expected in 2012.

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