{"id":11182,"date":"2021-11-19T06:35:14","date_gmt":"2021-11-19T06:35:14","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11182"},"modified":"2021-11-19T06:35:14","modified_gmt":"2021-11-19T06:35:14","slug":"nigeria-lekoil-reports-technical-work-for-drilling-of-2-wells-at-otakikpo-ongoing","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-reports-technical-work-for-drilling-of-2-wells-at-otakikpo-ongoing\/","title":{"rendered":"NIGERIA: Lekoil Reports Technical Work for Drilling of 2 Wells at Otakikpo Ongoing"},"content":{"rendered":"<p class=\"oo\"><span class=\"of\">Lekoil has reported that it continues undertaking technical work for drilling of two (2) additional production wells at Otakikpo producing marginal oilfield in OML11.<\/span><\/p>\n<p>This is part of the companies plans to ramp up production to 15-20000bpd from the current 5110bpd as per October figures with a total of seven wells planned for at a cost of $110 million..<\/p>\n<p>Drilling of the first two wells, estimated at US$25.0 million, to increase gross production to approximately 10,000 bopd which can be accommodated by existing infrastructure<\/p>\n<p class=\"op\">The company did not however provide any <span class=\"of\">update on financing required to drill additional production wells indicating no material progress.<\/span><\/p>\n<p class=\"op\">To date Lekoil has executed definitive agreements which are made up of service agreements with Schlumberger and cover the comprehensive infrastructure upgrades and field management services in relation to the planned upstream drilling programme.<\/p>\n<p>Lekoil has 40 per cent interest stake at <span class=\"of\">Otakikpo.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lekoil has reported that it continues undertaking technical work for drilling of two (2) additional production wells at Otakikpo producing marginal oilfield in OML11. This is part of the companies &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-reports-technical-work-for-drilling-of-2-wells-at-otakikpo-ongoing\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":11183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[637,7796,9174,7795,2252],"class_list":["post-11182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-drilling","tag-lekoil","tag-oml-11","tag-otakikpo","tag-schlumberger","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Otakikpo.png?fit=479%2C369&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Um","jetpack-related-posts":[{"id":8557,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-executes-definitive-service-agreements-for-the-otakikpo-drilling-programme\/","url_meta":{"origin":11182,"position":0},"title":"NIGERIA: Lekoil Executes Definitive Service Agreements for the Otakikpo Drilling Programme","author":"","date":"July 13, 2020","format":false,"excerpt":"LEKOIL\u00a0 has announced that the Otakikpo Joint Venture which is made up of Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal Field, and the Technical Partner, LEKOIL Oil and Gas Investments Limited (LOGL), in which the Company has a 90 per cent. economic interest, has executed definitive\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Nigeria-otakikpo-map.png?fit=800%2C670&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Nigeria-otakikpo-map.png?fit=800%2C670&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Nigeria-otakikpo-map.png?fit=800%2C670&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Nigeria-otakikpo-map.png?fit=800%2C670&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10114,"url":"https:\/\/www.oilnewskenya.com\/index.php\/lekoil-provides-update-on-otakikpo-opl-310\/","url_meta":{"origin":11182,"position":1},"title":"Lekoil Provides Update on Otakikpo &#038; OPL 310","author":"","date":"March 26, 2021","format":false,"excerpt":"Otakikpo On behalf of the two Otakikpo Joint Venture partners, Green Energy International Limited, the operator of the Otakikpo Marginal Field, and LEKOIL Oil and Gas Investments Limited, the technical partner and a member of the LEKOIL group, following is an update on operational performance in respect of the Otakikpo\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Lekoil-West-Africa-Assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Lekoil-West-Africa-Assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Lekoil-West-Africa-Assets.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Lekoil-West-Africa-Assets.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Lekoil-West-Africa-Assets.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8995,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-terms-2019-as-pivotal-year-released-audited-results\/","url_meta":{"origin":11182,"position":2},"title":"Nigeria: Lekoil Terms 2019 as Pivotal Year, Released Audited Results","author":"","date":"August 30, 2020","format":false,"excerpt":"Operational Highlights Otakikpo \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Updated Competent Person's Reports announcing a significant upgrade to 2P oil reserves estimates and prospective resources (unrisked) for LEKOIL Nigeria's working interest in the field \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Field Licence renewed \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Phase Two plans underway, subject to\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11933,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-announces-strategic-investment-and-restructuring\/","url_meta":{"origin":11182,"position":3},"title":"NIGERIA: Lekoil Announces  Strategic Investment and Restructuring","author":"","date":"February 28, 2022","format":false,"excerpt":"LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement\u00a0 with the Company in order to support the Company's restructuring. \u00a0 Highlights: \u00a0\u00b7\u00a0\u00a0\u00a0\u00a0The Company has entered into the CFA with Savannah Investments whereby Savannah Investments will support LEKOIL's proposed restructuring\u00a0 by providing a\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Otakikpo.png?fit=479%2C369&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13089,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-nigeria-changes-name-to-fenikso-ltd\/","url_meta":{"origin":11182,"position":4},"title":"NIGERIA: Lekoil Nigeria Changes Name to Fenikso Ltd","author":"","date":"January 5, 2023","format":false,"excerpt":"Lekoil has agreed to change its name and has agreed with Lekoil Nigeria that the Company's name will be changed to Fenikso Ltd following shareholders' approval at the Extraordinary General Meeting on 29th December 2022. The Change comes days after the company announced that\u00a0it has reached an agreement with, among\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":9665,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-responds-to-press-speculation-on-metallon-corporation-shareholding\/","url_meta":{"origin":11182,"position":5},"title":"NIGERIA: Lekoil Responds to Press Speculation on Metallon Corporation Shareholding","author":"","date":"January 8, 2021","format":false,"excerpt":"LEKOIL notes the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of a significant shareholding in the Company by Metallon Corporation Limited\u00a0 and the requirements that a significant\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=11182"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11182\/revisions"}],"predecessor-version":[{"id":11184,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11182\/revisions\/11184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/11183"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=11182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=11182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=11182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}