Archives 2022

13 July 2022

Acquisition of Afren’s Interest in OPL 310 giving LEKOIL a 40% participating interest, subject to Ministerial Consent

Acquisition of Afren’s Interest in OPL 310 giving LEKOIL a 40% participating interest, subject to Ministerial Consent…

13 July 2022

$46 million equity raise and acquisition of 62% economic interest in OPL 325

$46 million equity raise and acquisition of 62% economic interest in OPL 325…

12 July 2022

First Oil from production tests at Otakikpo ahead of schedule and significantly exceeding expectations

First Oil from production tests at Otakikpo ahead of schedule and significantly exceeding expectations…

12 July 2022

Rig mobilisation in the Otakikpo Marginal Field, followed by construction and subsequent commissioning of production facilities

Rig mobilisation in the Otakikpo Marginal Field, followed by construction and subsequent commissioning of production facilities…

12 July 2022

Otakikpo Marginal Field on the OML11 licence, onshore Nigeria following a comprehensive review of subsurface data by AGR TRACS

Otakikpo Marginal Field on the OML11 licence, onshore Nigeria following a comprehensive review of subsurface data by AGR TRACS. Post Competent Persons…

12 July 2022

40% interest in Otakikpo Marginal Field on the OML11 licence, onshore Nigeria, acquired from Green Energy International

40% interest in Otakikpo Marginal Field on the OML11 licence, onshore Nigeria, acquired from Green Energy International…

12 July 2022

3D seismic programme covering 1500 sq km commences on the OPL310 licence, offshore Nigeria

3D seismic programme covering 1500 sq km commences on the OPL310 licence, offshore Nigeria…

12 July 2022

Equity placing raises approximately US$100 million.

Equity placing raises approximately US$100 million. Net proceeds are used to fund the completion of drilling and testing of the Ogo-1 well, Ogo-ST wel…

12 July 2022

Significant oil discovery from the Ogo-ST well located on the OPL310 licence, offshore Nigeria

Significant oil discovery from the Ogo-ST well located on the OPL310 licence, offshore Nigeria…

12 July 2022

Equity placing raises approximately US$20 million.

Equity placing raises approximately US$20 million. The net proceeds used to fund the drilling and testing of the Ogo-ST (sidetrack) well on the OPL310…