Lekoil commences 3D seismic acquisition at Otakikpo

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LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, has commenced the shooting of a 3D seismic survey at the Otakikpo Marginal Field (“Otakikpo”) in OML 11, onshore and offshore in the south-eastern part of the Niger Delta. Sinopec Changjiang Engineering Services Limited (Sinopec) has been previously contracted by the Company to carry out the survey. Permits have been secured and mobilisation completed. Line cutting has commenced and is currently in progress. Preparations for seismic recording operations are at an advanced stage. The survey is expected to complete around June 2018.

Following the completion of this seismic acquisition, the Company will then process and interpret the new 3D seismic data, subsequently releasing an updated Competent Person’s report.

Lekan Akinyanmi, LEKOIL’s CEO, said, “The acquisition of 3D seismic data will provide valuable information to unlock further value at Otakikpo. Sinopec has a reputation for high-quality data acquisition and we are pleased to be working with them.”

 

Source: Press Release