Lekoil study highlights Nigeria potential
Nigeria 
ABUJA, January 31, 2018 – An independent study has suggested the presence of about 5.7 billion barrels of oil in the OPL 325 licence offshore Nigeria, operator Lekoil announced on Wednesday.
The company will aim to farm down some of its 62% interest in the prospect, which is located in the western Niger Delta, the statement added.
“This independent report underlines our belief in the prospectivity of this asset that was part of our original Dahomey Basin study,” said Lekoil CEO Lekan Akinyanmi. “The deepwater turbidite fan play is particularly exciting for OPL 325.”
The news came a day after officials from the Nigerian National Petroleum Corporation told local media that the oil production costs at the Egina offshore project, whose eponymous FPSO arrived days ago from South Korea, would be USD 20 per barrel.
Read our latest insights on:
Latest news and features
