MOSCOW, June 18 Lukoil is in talks
with U.S. oil firm Hess Corp to buy a stake in its
offshore project in Ghana, two sources close to the talks said,
as part of its strategy to look beyond a closed Russian market.
Lukoil, a private company that is struggling to get a
foothold in new major domestic fields largely taken by state
firms, has the most foreign interests of any Russian energy
"Lukoil is interested in the Deepwater Tano/Cape Three
Points project operated by Hess," one of the sources said.
The project, located about 44 miles (70 km) offshore Ghana,
is 90 percent owned by Hess, and the rest belongs to Ghana
National Petroleum Company. Hess started pre-development studies
on the block after finishing drilling its seventh well last
The other source said Lukoil was considering buying a
significant stake but not a majority stake.
Lukoil declined to comment. Hess did not immediately respond
to a request for a comment.
(Reporting by Olesya Astakhova; writing by Katya Golubkova;
editing by Elizabeth Piper and Jane Baird)