Lekoil Crude Production Bullish In Otakikpo Field In Nigeria

Otakikpo Oil production in March 2022 is totaling 4,448 bopd (gross)/1,779 bopd (net). While Spudding of Otakikpo-4 took place on 31 March 2022. The company disclosed this in an announcement made on behalf of the Otakikpo Joint Venture made up of Green Energy International Limited, GEIL, the Operator, and the Technical Partner, Lekoil Oil and Gas Investments Limited, LOGL, a fully owned subsidiary of Lekoil Nigeria, an operational update on Otakikpo Marginal Field in OML 11.

The Otakikpo JV commenced location preparation work for the drilling campaign (Otaks-4 & Otaks-5) in fouth quarter, Q4, 2021, and on March 31, 2022, successfully spudded one of the wells, Otakikpo-4 as part of the Phase 2 development expected to bring aggregate production to a targeted estimated 10,000+ bopd with 4,000+ net to LOGL by the end of 2022.

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