Lukoil Makes "Significant" Oil, Gas Discovery Off Ghana Coast

A consortium led by Russian oil major OAO Lukoil Holdings (LKOH.RS) said Friday it has discovered a major hydrocarbon structure off the coast of Ghana.

The consortium, which also includes Vanco Energy and Ghana National Petroleum Corp., or GNPC, said it discovered "a significant hydrocarbon accumulation" in the Dzata structure, which is part of the Cape Three Points Deep Water Block in the Gulf of Guinea.

Lukoil is 20% owned by U.S. oil firm ConocoPhillips (COP).

Copyright 2010. The Wall Street Journal. All rights reserved.

Back