Offshore staff
LAGOS, Nigeria – Optimum Petroleum Development Co. has agreed to allow partner Lekoil to defer its financial and operational obligations for the OPL 310 license offshore Nigeria.
Lekoil must now provide evidence of its ability to fund 42.86% of the costs and expenses for drilling of the first appraisal well on the Ogo field by July 2020.
Yusuf K. N'jie, managing director, Optimum, said: “We remain confident in Lekoil’s ability to by July this year, raise the financing that is required for the commencement of the appraisal drilling program for OPL 310 which we truly believe is a world-class strategic asset.”
Last week Lekoil established an investigation committee to determine the origination and execution of a fraudulent facility agreement with investors purporting to come from Qatar.
01/22/2020
