Deadly conflict in Mozambique’s ruby- and natural gas-rich northernmost coastal province feeds on a mix of colonial-era tensions, inequality and Islamist militancy. To tame the insurrection, Maputo needs to use force, with bespoke assistance from outside partners, and to carefully address underlying grievances.
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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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Quote Of The Day
That UK GDP growth was slowing in October even as the level of output remained 8 per cent lower than this time last year demonstrates the difficulties of getting back onto the pre-Covid trajectory, despite the introduction of a vaccine. The final quarter’s data will also bear the full impact of the second lockdown. We believe markets are right to look through much of this data for recovery in 2021, but it is a reminder that investors should not get ahead of themselves, especially as a Brexit deal remains elusive at th