Lukoil signs Cameroon offshore development deal for Etinde field

Etinde hydrocarbon field, CameroonLukoil signs Cameroon offshore development deal: The privately-owned Russian company Lukoil has signed a contract for the development of the Etinde hydrocarbon field in Cameroon’s waters in the Gulf of Guinea close to its border with Equatorial Guinea’s Bioko Island. Lukoil owns 30 % of the West African project with the rest split between operator New Age 30% Bowleven (20%) and Societe Nationale des Hydrocarbures of Cameroon (20%) and the field will now be developed on the basis of a long-standing production-sharing agreement (PSA). Etinde includes three license blocks with a total area of 2,300 km².

Source: www