Petroleum Africa
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Monday, June 5, 2017
Lekoil has received payment for its first cargo lifted from the Otakikpo Marginal Field on Nigeria’s OML 11. According to Lekoil, the high-quality Otakikpo crude blend led to it’s realizing a small premium to Brent Crude pricing before marketing and related costs over the given period.
Current production at Otakikpo is approximately 5,500 bpd. With production gradually ramping up, the company is now looking to establish more frequent regular liftings as it focuses on increasing production through year-end.
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