No. 13



Russias Lukoil Reports Large Oil Discovery In North Caspian

Lukoil, Russias largest oil company, announced on 23 March that it had made a crude oil discovery in what it described as the Russian sector of the Caspian. A statement released by Lukoil said the company had completed drilling its first well in Khvalynskoye field within the Severny license area of the Caspian Sea, and after drilling to a depth of 4,200 ms, the well discovered seven oil and...