Lekoil reviewing next-phase options for Ogo area offshore Nigeria

Offshore staff

LAGOS, NigeriaLekoil has issued an update on its studies for the Ogo discovery in Nigeria’s offshore OPL 310 lease.

During 2013, the company drilled an appraisal well and side track targeting the Eko, Agege and the Syn-rift prospects, which led to the discovery.

Based on data from the vertical and side track wells, P50 recoverable resources at Ogo were estimated at 774 MMboe recoverable.

The company is waiting for ministerial consent from the Department of Petroleum Resources, which it expects to receive soon. Based on an interpretation of 3D seismic acquired last year, it is studying options for the next phase of appraisal and exploration on the block with partner Optimum.

Lekoil also has a 62% interest in OPL 325, on trend with Ogo. It is looking to execute a production-sharing contract with NNPC.

Offshore Namibia, the company has secured a one-year extension to an exploration license for blocks 2514 A and B in the Luderitz basin, from the Ministry of Mines and Energy.

There is no linked incremental capex beyond the original $2.75-million commitment.

Subject to funding, the company plans to finish geological and geophysical work already scoped out.

09/30/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...