Lekoil taking action over offshore Nigeria lease

Lekoil is still waiting for confirmation of Nigeria’s government concerning a farm-in to the offshore OPL 310 lease in the Dahomey basin.

OPL 319 lease in the Dahomey basin offshore Nigeria
OPL 319 lease in the Dahomey basin offshore Nigeria

Offshore staff

LAGOS, NigeriaLekoil is still waiting for confirmation of Nigeria’s government concerning a farm-in to the offshore OPL 310 lease in the Dahomey basin.

On Feb. 1, 2013, Mayfair Assets and Trust Ltd., a subsidiary of the company, acquired a 17.14% stake from Afren and a 30% economic interest, with the Minister for Petroleum Resources granting consent last June.

Despite progressing exploration and appraisal activities on the lease, Lekoil says it has not received a satisfactory explanation of why the consent has not come through.

As a result, the company has decided to apply to the Federal High Court for a declaration that should speed up the consent process, and preserve the license’s unexpired tenure.

OPL 310 contains the potentially largeOgo field discovery.

03/27/2018

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