LEKOIL

Nigeria Dahomey Basin OPL 325

Asset Stage – Exploration, OPL 325

Description/ Lekoil stake

  • OPL 325
  • Lekoil Exploration and Production Nigeria Limited 62% interest

Reserves

  • Estimated STOIIP of 5.7 billion barrels (P50)
  • Several large prospects with associated channel complexes
  • 3D seismic data over 740km2

Transaction status requirements

  • Farm-in fee of $16.08 million
  • Additional amounts totalling $24.12 million payable in instalments of $12.06 million on OML conversion and start of production

OPL 325 Context Diagram