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Huge oil, gas find validates Lekoil s bet on Dahomey Basin

Huge oil, gas find validates Lekoil s bet on Dahomey Basin
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Huge Oil, gas find validates Lekoil s bet on Dahomey Basin

Investegate |Lekoil Limited Announcements | Lekoil Limited: Posting of Circular and Notice of EGM

Information on the Company The Company would like to take this opportunity to share with its Shareholders an update on its operations and commercial developments. The Company has acquired a balanced portfolio of assets including Otakikpo, a producing asset with near term upside; OPL 276, a potential near-term producing asset with significant resource potential; OPL 310, where the world-class appraisal asset Ogo is located; and OPL 325, which provides additional exploration optionality. Otakikpo - producing asset Despite the wider impact of COVID-19, operations at Otakikpo continue to run effectively. For the first half of 2020, production from Otakikpo averaged approximately gross 5,676 bopd, (2,271 bopd net to LEKOIL Nigeria). This year, the Company announced the execution of definitive agreements for the next phase of the Otakikpo marginal field development. These definitive agreements comprise of service agreements with Schlumberger which cover th

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