NIGERIAN INDEPENDENTS: UPSTREAM ACTI...

OPTIMUM/LEKOIL

OPL 310

Optimum and LEKOIL get ahead-The partners

are continuing to advance towards the start of

the appraisal drilling programme on the Ogo

field. Work is ongoing, regarding agreements

that will allow progress on the block, after

securing all relevant regulatory extensions and

approvals”. LEKOIL's acquisition of 23% interest

still requires consent from the Minister of

Petroleum Resources. It already secured an

earlier 17%. Although the subsisting license

expired in February 2019, Optimum and

LEKOIL are hoping that the licence on the

acreage be renewed, to enable a work

programme.