Review of Dahomey basin offshore Nigeria reveals major prospects

Lekoil has taken delivery of a technical evaluation report for the OPL325 lease in the Dahomey basin offshore Nigeria.

Offshore staff

LAGOS, NigeriaLekoil has taken delivery of a technical evaluation report for the OPL325 lease in the Dahomey basin offshore Nigeria, straddling the western Niger Delta, 50 km (31 mi) south of OPL310.

The company has a 62% interest in OPL325 through Ashbert Oil and Gas.

Lumina Geophysical, which performed a geophysical evaluation of around 800 sq km (309 sq mi) of 3D seismic data supplied by Lekoil, identified 11 prospects and leads on the block.

These contain potential oil-in-place volumes of more than 5,700 MMbbl.

Lumina focused mainly on the Paleocene section of the block, creating new structural and stratigraphic maps using 3D pre-stack time migration seismic data.

Lekoil is looking to farm-down a portion of its interest in OPL325 following a detailed prospect/lead risking study.

CEO Lekan Akinyanmi said: “This independent report underlines our belief in the prospectivity of this asset that was part of our original Dahomey basin study. The deepwater turbidite fan play is particularly exciting for OPL325.”

02/06/2018

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