S06 ORA 1 2017 - Country Focus_ORA Master Template - 2016 New 07/02/2017 16:30 Page 23
ISSUE 1 2017 • WWW.OILREVIEWAFRICA.COM
COM M E RCIAL FEATU R E
LEKOIL: MULTIPLE OPERATIONS IN
NIGERIA AND NAMIBIA Since its inception in 2010, LEKOIL has run projects across Nigeria and Namibia. These projects include exploration, appraisal and production assets in oil and gas, and the company is committed to being a responsible operator in all its locations. EKOIL IS AN indigenous oil and gas company with interests located in Nigeria and offshore Namibia. The company was founded in 2010 by a group of leading professionals who seek to lead the company, as per its mission statement, “to be the world’s leading exploration and production company focused on Africa”; and to build a multiasset oil and gas exploration, development and production business in Africa. LEKOIL’s assets include a producing asset, an appraisal asset, two exploration assets and a gas subsidiary.
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interest in this asset. The OPL 325 licence area, located in the offshore Dahomey Basin within the wrench zone that straddles the western Niger Delta, is 50km to the south of OPL 310.
Exploration asset: Frontier basins, Namibia, Blocks 2514A and B LEKOIL has a 77.5 per cent interest as the operator. LEKOIL’s two blocks are in the Luderitz Basin offshore Namibia
with a combined acreage of some 10,000 sq km .
LEKGAS LEKGAS is a wholly-owned subsidiary of LEKOIL. LEKGAS is the gas midstream vehicle of LEKOIL, building strategic, commercial and technical partnerships with world-class companies to unlock gas and gasto-power opportunities mostly in Nigeria which is LEKOIL’s primary country of operations.
Producing asset: Otakikpo marginal field LEKOIL has a 40 per cent interest in this field. Otakikpo lies in a coastal swamp location in OML 11, adjacent to the shoreline in the southeastern part of the Niger Delta.
LEKOIL has a 40 per cent interest. OPL 310 is located in the Dahomey Basin on the West African Transform Margin. The block extends from the shallow water continental shelf close by the City of Lagos, into deeper water.
Exploration asset: Known basins, OPL 325 LEKOIL has a 62 per cent
Image Credit: LEKOIL
Appraisal asset: Ogo discovery, OPL 310
LEKOIL is operating responsibly across Nigerian and Namibian oil and gas projects.
LEKGAS has a dual focus of monetising LEKOIL’s equity gas globally as well as participation in the gas infrastructure space in Nigeria. As such, LEKGAS is structured as Developer, Operator and Investor in midstream gas assets to connect both equity and non-equity gas from the Upstream (field location) to the Downstream (wholesale customers).
LEKOIL Community LEKOIL is dedicated to maintaining high, ethical standards in our business activities and we are committed to the overall welfare and development of the communities around us. LEKOIL’s corporate social responsibility (CSR) plan focuses on three strategic areas: Education; economic empowerment (women and children development); and environmental sustainability. Through our demonstrated commitments to the economic and environmental health of Nigerian communities, our aim is to make meaningful impact with the initiatives we implement. We continue to reflect this in our values, culture, decision making, strategy and day-to-day operations. In conjunction with our world-class partners, we excel in deploying innovative technologies to realise superior returns on our assets, growing with our stakeholders while preserving the environment.
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