Lekoil starts continous production at Otakikpo production

Carousel Images 7Otakikpo: a new chapter in Nigerian oil production begins. (Image source: Lekoil)Lekoil announced that further to its previous announcement on 8 December 2016, the six kilometre offshore pipeline leading from the storage tanks to the tanker offloading manifold has been completed and commissioned

All onshore facilities and the offshore pipeline have been fully commissioned and signed off by the regulators. Continuous production has now commenced from the Otakikpo Marginal Field in OML 11, jointly developed by Green Energy International Ltd as the Operator and Lekoil as a technical and financial partner.

Initial production is in line with company expectations. Initial production rates are 5,000 bpd, per current regulatory approvals for production commencement. As is customary for a new field, the Company will now focus on gathering production data and optimizing well performance. With regular exports underway, the Company is focused on ramping up to production of 10,000 bopd by end of Q2 2017.

Lekan Akinyanmi, Lekoi’s CEO, said: “LEKOIL is now a producing company. I would again like to thank the entire team that has worked so hard on this project, our partner Green Energy, our investors and debt financiers, our host communities and our government regulators for their continuing support. The Otakikpo project began in a swamp location with no infrastructure and our team delivered production in under two years with, importantly, nearly 915,000 hours without any lost time injuries. I am extremely proud of our people’s achievements.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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