The company has entered a binding loan agreement with the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, for $184 million, to be disbursed in phases over 11 months, with the first drawdown likely in February.
Seawave Invest arranged the co-operation.
The Ogo-1 and Ogo-1 ST wells in 2013 both encountered hydrocarbons within the SynRift and PostRift. Lekoil and the OPL 310 license operator, Optimum Petroleum, plan two wells with a view to obtaining dynamic flow data from testing while preserving both the wells as producers.
The first well could spud in the second half of 2020.