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’

1. SHORTER TERM OBJECTIVES

  • 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

2. LONGER TERM OBJECTIVES

  • 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
  • Lekoil, Proud Sponsors of the  2023 Africa Oil Week December 2, 2023

    Lekoil, Proud Sponsors of the 2023 Africa Oil Week

    Lekoil Nigeria was a proud sponsor of Africa Oil Week 2023 which took place from the 9th-13th of October in Cape Town. Our GM Human Resources, Kike Fa…

  • Lekoil Achieves Record Milestone of Seven Million LTI Free on Otakikpo JV Marginal Field December 2, 2023

    Lekoil Achieves Record Milestone of Seven Million LTI Free on Otakikpo JV Marginal Field

    We are happy to announce that on the 22nd of September 2023, Lekoil achieved a safety milestone on the Otakikpo Joint Venture Marginal Field maintaini…