Dahomey Basin OPL 325

Dahomey Basin OPL 325

LEKOIL’s regional basin study covering the Dahomey Basin.

The OPL 325 licence area, in the outer fold/thrust belt of the Niger Delta, is a promising exploration license located 50km to the south of OPL 310. LEKOIL has had access to 3D seismic data over 740 km2 and is encouraged by the results of its interpretation.

Preliminary review of the prospects, based on an independent study prepared for LEKOIL, suggests an OOIP of up to 5.7 billion barrels, with an estimated 2 billion barrels recoverable based on analogues. Latest Seismic/CSEM data collection and interpretation in the vicinity indicate that OPL 325 possesses a proven petroleum system with confirmation of key elements, robust geophysical support, and a validated method for prospect de-risking.

Asset overview

Asset stage
Exploration
LEKOIL stake
62 per cent
Reserves
Estimated STOIIP of 5.7 bboe. Several large prospects with associated channel complexes
LEKOIL operating status
Operated stake