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Tuesday, June 27, 2017
Lekoil saw its second round of exports from its Otakikpo Marginal Field on Nigeria’s OML 11. According to the company, approximately 250,000 barrels of crude have been lifted by the SO Ailsa Craig by Shell Western Supply and Trading, a subsidiary of Royal Dutch Shell.
Under the terms of the Crude Sales Agreement with Shell Western Supply and Trading, the company is due to receive its share of the payment for this crude within the next month.
With regular liftings from Otakikpo underway, Lekoil does not intend to provide updates for each export. The company expects to provide export updates concurrent with its reporting dates going forward.
Current production at Otakikpo is approximately 5,500 bpd. The company continues to focus on ramping up to Phase One target production of 10,000 bpd.
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