Lukoil Farmin
African independent Taleveras agreed to farmout a 65% interest and operatorship in Ivory Coast Block CI-504 to Lukoil Overseas, a subsidiary of Russian oil firm Lukoil. Taleveras will retain 25% interest and Petroci, the Ivory Coast’s national oil company, will hold 10%. Lukoil operates block CI-205 immediately south of CI-504. Block CI-504 is close to Baobab field, covering 399sq km in 800-2100m water depth.