By Sebastine Obasi
LEKOIL, an indigenous oil and gas exploration and production company, said it is targeting oil production of 10,000 barrels per day (bpd) by the end of second quarter of 2017, following the continuous production from the Otakikpo marginal field, oil mining lease, OML 11.
The company stated that it has completed a six-kilometre offshore pipeline leading from the storage tanks to the tanker offloading manifold at the Otakikpo field. It further stated that all onshore facilities and the offshore pipeline have been fully commissioned and signed off by the regulators.
Otakikpo field is in the southern part of Oil Mining License 11 about 35 km east of the Bonny export terminal. The field is jointly developed by Green Energy International Limited as the Operator and Lekoil as technical and financial partner.
Speaking on the company’s development, Lekan Akinyanmi, Chief Executive Officer of Lekoil 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.”