Lukoil Uses Shale DrillingTechnology to Beat Drop

摘要

Lukoil has dropped a plan to ac-quire shale gas assets in the US buthas imported the shale gas drillingtechnology to fight its decliningcrude oil production in West Siberia.Lukoil Vice President LeonidFedun told reporters last week thatthe company had decided the acqui-sition of US shale gas assets would notbe efficient, despite having set up oneyear ago a $1.8 billion war chest.