Proposed Settlement of Litigation
Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has reached agre…
December 8, 2022
LEKOIL’s regional basin study covering the Dahomey Basin.
The OPL 325 licence area, located in the offshore Dahomey Basin within the wrench zone that straddles the western Niger Delta, is a promising exploration licence located 50km to the south of OPL 310. LEKOIL has had access to 3D seismic data over 740km2 and is encouraged by the results and its interpretation of the analysis.
Preliminary review of the prospects, based on an independent study by Lumina, prepared for LEKOIL, suggests oil in place volumes of up to 5.7 billion barrels with an estimated 2 billion barrels recoverable based on analogues.
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
December 8, 2022
June 16, 2022
New Jersey Court Orders Arbitration In Akinyanmi Vs Lekoil Cayman
Lekoil Nigeria Limited notes the blatantly misleading release by Lekoil Limited (“Lekoil Cayman”) via the Regulatory News Service of the London St…
