Lekoil Limited , an exploration and production company with interests in Nigeria and Namibia, has declared the successful well tests of C5 and C6 zones in the Otakikpo Marginal Field in Oil Mining Lease (OML) 11 in Nigeria. Production capacities for oil equivalent are reported at 6,404b/d and 5,684 b/d for each well, This Day reported.
A spokesperson for the company said: “onshore facilities are complete while welding and installation work continues to progress on the offshore pipeline. The company is targeting production of 10,000b/d by late 2016 and will then proceed to phase two of the Otakikpo Field Development Plan, bringing aggregate production to a target of 20,000b/d by the end of 2017,” according to Ecofin Agency.
Otakikpo Marginal Field is situated in a coastal swamp location in OML 11, next to the shoreline in the southeastern part of the Niger Delta. A joint venture partnership between Green Energy International Limited (GEIL) and Lekoil Oil and Gas Investment Limited, is involved with the development of the field, with GEIL as the operator and Lekoil as technical and financial partner.