Search results for: Lekoil

431 results

A list of search results

  • 1 December 2015
    Business & Finance, Project & Tenders

    Oil and gas company Lekoil has agreed to buy Afren’s stake in a licence offshore Nigeria. According to the agreement, Lekoil will buy Afren’s 22.86% stake in the OPL 310 block, which contains the Ogo discovery. Lekoil will pay $13 million for the transaction. Since Lekoil already owns a share in the block, the transaction, […]

  • 14 May 2019
    Business & Finance

    Nigerian oil company Lekoil will drop legal action aimed at confirming its acquisition of a stake in an offshore block from Afren.

  • 23 September 2014
    Business & Finance, Project & Tenders

    Lekoil, the oil and gas exploration firm focused on Africa, has reported a significant upgrade to 2C oil reserves estimates for Lekoil Nigeria’s 40 per cent interest in the Otakikpo field offshore Nigeria. The Otakikpo is a marginal Field in the oil mining lease (OML) 11, offshore Nigeria, adjacent to the shoreline in the eastern part […]

  • 29 June 2015
    Business & Finance

    Lekoil, an oil and gas exploration and development company with a focus on West Africa, has announced that David Robinson, the company’s Chief Financial Officer, is leaving the Board, and the company, with immediate effect. The company said that Valentine Ejiogu, Lekoil’s Financial Controller, will be assuming leadership of the company’s financial function until the company appoints a […]

  • 22 January 2020

    Lekoil has reached an agreement with Optimum Petroleum, the operator of the OPL 310 license which includes the Ogo discovery, on deferring the company’s financial and operational obligations due during February 2020.

  • 14 September 2017
    Project & Tenders

    Africa-focused oil and gas company Lekoil has increased its current production at the Otakikpo field in oil mining lease (OML) 11 off Nigeria. The Otakikpo field is adjacent to the shoreline in the south-eastern part of the Niger Delta. Production in the OML 11 is jointly developed by Green Energy International as the operator and […]

  • 9 June 2017

    The Minister of Petroleum Resources of Nigeria has granted Lekoil consent to complete the transfer of the original 17.14 percent participating interest in OPL 310, to its subsidiary Mayfair Assets and Trust Limited. To remind, Mayfair farmed into Afren Oil & Gas’ interest in OPL 310, which contains the Ogo discovery, for a 17.14 percent […]

  • 3 April 2020
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy, Project & Tenders

    Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.

  • 26 November 2018

    Lekoil has requested relief from enforcement of expiration of the exploration license for lease OPL 310 from the Nigerian Federal Ministry of Petroleum Resources.

  • 20 February 2017
    Business & Finance, Project & Tenders

    Oil & gas company Lekoil has completed and commissioned the six-kilometer offshore pipeline leading from the storage tanks to the tanker offloading manifold at the Otakikpo field in Nigeria. To remind, the company said in December of last year that the Otakikpo oil was flowing to onshore storage tanks and that it would be evacuated […]

  • 30 August 2019
    Project & Tenders

    Nigerian oil and gas company Optimum Petroleum, together with its partner Lekoil, is progressing towards appraisal and development program at the Ogo discovery located in OPL 310 block offshore Nigeria.

  • 31 October 2019

    Nigerian oil company Lekoil has paid the $7.5 million license extension fee for OPL 310 as mandated by the Federal Government of Nigeria and the Ministry of Petroleum Resources.

  • 29 August 2013

    Lekoil,  has announced that, further to the announcement of 26 June 2013, when the company informed of an oil discovery at the Ogo-1 well,offshore Nigeria,  drilling of the Ogo-1 sidetrack well is still ongoing. Lekoil, which owns a 17,14 % participating interest in the OPL310 block, said the sidetrack well, being drilled by Afren, is scheduled to […]

  • 23 November 2016

    Nigeria’s Ministry of Petroleum Resources has given its consent to a wholly owned subsidiary of Lekoil Nigeria, Mayfair Assets and Trust Limited, for the 17.14% economic interest in OPL 310 off Nigeria which contains the Ogo discovery.  Lekoil Limited holds 90% of the economic interests in its subsidiary, Lekoil Nigeria. The license operator and Lekoil’s local partner […]

  • 6 January 2020
    Business & Finance

    Nigerian oil company Lekoil has appointed two new non-executive directors, with immediate effect.

  • 16 December 2014
    Project & Tenders

    Lekoil has informed that production from Otakikpo Marginal Field in oil mining lease (OML) 11, offshore Nigeria, adjacent to shoreline in the eastern part of the Niger Delta, is expected months ahead of schedule.  Lekoil, the Technical and Financial Partner in the Otakikpo project (Lekoil: 40 per cent. participating and economic interest) and its partner Green […]

  • 26 October 2018
    Business & Finance

    Nigeria-focused oil company Lekoil has informed that a court hearing will be held next month regarding its 2015 acquisition of a stake in an offshore oil field in Nigeria.

  • 3 April 2017

    Lekoil, an oil company focused on Africa, has signed a Memorandum of Understanding with GE Oil & Gas for the development of a work programme for the Ogo field in OPL310, offshore Nigeria. Lekoil is currently in discussions with other potential partners for the financing of the OPL310 appraisal program, which includes an appraisal well, […]

  • 31 January 2018

    Lekoil has revealed an intention to farm-down its working interest in OPL 325 license offshore Nigeria, following completion of an independent study which identified eleven prospects and leads on the block. 

  • 1 February 2018
    Business & Finance, Operations & Maintenance

    Lekoil has begun the shooting of a 3D seismic survey at the Otakikpo marginal field in OML 11, onshore and offshore in the south-eastern part of the Niger Delta. Sinopec Changjiang Engineering Services has been previously contracted by the company to carry out the survey. According to Lekoil, permits have been secured and mobilisation completed. […]

  • 7 September 2015

    Lekoil has announced the start of oil production from the Otakikpo Marginal Field (Otakikpo) in oil mining lease (OML) 11 which is located on the shoreline in the south-eastern part of the Niger Delta. Following the successful re-entry of the Otakikpo-002 well, first oil flowed to surface late on September 5, 2015, with production testing being […]

  • 8 February 2019

    The Nigerian Federal High Court will deliver its ruling regarding Lekoil increasing its stake in license OPL 310 offshore Nigeria in late March.