LEKOIL

Our strategy

Pan African Strategy focusing on:

  • Dahomey Basin
  • Niger Delta
  • New Basins

Priorities

  • Create a balanced portfolio of exploration production assets
  • Exploit overlooked opportunities in new and existing basins
  • Utilize corporate structures and partnerships that benefit from advantageous fiscal terms to indigenous companies
  • Utilize and grow regional and intra-continental relationships
  • Optimize our strong technical team and industry relationships
  • Maximize our strong relationships in financial industry

Growth strategy overview

Medium-term (18 – 36 months)

Objectives

  • Commence and grow production from Otakikpo Marginal field.
  • Further appraisal of OPL 310.
  • Grow asset portfolio with value accretive acquisitions in line with corporate strategy.
  • Namibia: Historical data review prior to basin study and new data acquisition.
  • Build out Dahomey basin portfolio.
Red Down Arrow

Long-term (36+ months)

Objectives

  • Continue phased implementation of Otakikpo development. 
  • Final Investment Decision for OPL 310.
  • Add other producing assets – (marginal fields/ acquire economic IOCs divestments).
  • Pursue other opportunities in known basins.
  • Execute other studies and add high-impact, promising exploration plays.