LEKOIL’s pan African strategy is focused on the Dahomey Basin, the Niger Delta and new basins that offer the scope for low cost entry but where the higher risks are balanced by potential higher returns.

We have sought to create a balanced portfolio of exploration and production assets which seeks to:

  • exploit overlooked opportunities in new and existing basins
  • benefit from advantageous fiscal terms to indigenous companies
  • develop and grow regional and intra-continental relationships
  • make full use of our strong technical team and industry relationships
  • take advantage of our strong relationships in investment markets internationally

Exploiting the ‘Value Zone’


  • Bring additional wells online and build new processing facility at Otakikpo Marginal Field
  • Further appraisal of OPL310
  • Grow asset portfolio with value accretive acquisitions
  • Namibia: Historical data review prior to basin study and new data acquisition
  • Build out Dahomey basin portfolio


  • Continue phased implementation of Otakikpo development
  • Final investment decision for OPL310
  • 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
  • Proposed Settlement of Litigation December 8, 2022

    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…

  • New Jersey Court Orders Arbitration In Akinyanmi Vs Lekoil Cayman 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…