Lukoil to buy stake in offshore Sierra Leone project from Talisman

OAO Lukoil Holdings has acquired a 25% interest in an offshore project in the Gulf of Guinea offshore Sierra Leone from Talisman Energy Inc., the project operator, Lukoil said. Terms of the transaction were not disclosed.

Prospecting and exploratory drilling currently is under way. Partners in the SL-4B-10 block are Malaysia's Petronas with 25% interest and Prontinal Ltd. with 20% interest, Lukoil said.

The block, which covers 2,200 sq km in 100-3,000 m of water, borders on SL-05-11 exploration and development block that Lukoil operates.