Lekoil taking action over offshore Nigeria lease

March 27, 2018
Lekoil is still waiting for confirmation of Nigeria’s government concerning a farm-in to the offshore OPL 310 lease in the Dahomey basin.

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