Lekoil, an oil and gas exploration and development company has announced commencement of continuous production from the Otakikpo Marginal Field in OML 11.

Lekoil started production at Otakikpo after it completed and commissioned a six kilometer long offshore pipeline.

Lekoil announced that oil is flowing at the Otakikpo marginal field in Nigeria to onshore storage tanks, where it will later be transferred upon completion of the offshore pipeline.

Lekoil, a West Africa-focused oil and gas exploration and production company, announced that it has raised about $12.4m to bring Nigeria’s Otakikpo field into commercial production.

Africa-focused Lekoil is expected to begin commercial oil production from Nigeria’s Otakikpo marginal field during October, following the completion of the Otakikpo-003 well.

Lekoil has confirmed that the Otakikpo field, a shoreline location in Nigeria, has achieved its first oil.

Lekoil has issued an update regarding operational activity at the Otakikpo marginal field in Nigeria.

LAGOS, Nigeria – Lekoil (AIM: LEK) has received an addendum to the Competent Persons Report on the Otakikpo marginal field by AGR TRACS International Ltd. The revision considers the approval by the Nigerian Ministry of Petroleum of the planned recompletions of the 002 and 003 wells in OML 11.