Lukoil. Total to Explore in Siberia

摘要

Russia's Lukoil and France's Total have agreed to set, up a joint venture to explore tight oil reserves in Siberia, according to Reuters. Vagit Alekperov, head of Lukoil, said the venture would develop fields with about 500-million bbls of reserves. Total said seismic acquisition will start in 2014 and exploration drilling will follow in 2015.