Lekoil Receives Ministerial Approval for OPL 310 Transfer

Monday, June 12, 2017

Lekoil received approval from Nigeria’s Ministry of Petroleum for the transfer of its original 17.14% participating interest in OPL 310 to Mayfair Assets and Trust Limited, the company’s subsidiary.

“We are delighted to have received ministerial consent on our original 17.14% participating interest in OPL 310. This is an asset with tremendous potential and I am delighted that we have achieved this significant milestone,” Lekan Akinyanmi, Lekoil’s CEO said.

OPL 310 contains the Ogo discovery made in 2013 with the drilling of the Ogo-1 well.

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