Continental Focus, International Reach

Lekoil Updates Otakikpo-002

Thursday, July 30, 2015

Lekoil reported that re-entry activities on the Otakikpo-002 have commenced with the successful drilling-out of the cement plugs in the 9 5/8” casing. The Otakikpo-002 is located on the Otakikpo marginal field in Nigeria.

The company said that while attempting to drill-out the cement plugs in the 7” liner, the rig crew noticed a potential critical safety issue around the crown block of the rig which has forced temporary suspension of re-entry activities, for safety reasons, pending repairs and replacement of equipment. No injuries were incurred due to the proactive actions of the trained rig crew.

Replacement parts may be sourced from outside the country and costs relating to the replacement of the rig equipment will be carried entirely by the drilling company, not Lekoil. As a consequence of this interruption, the company said that first oil is now expected to flow from the Otakikpo-002 to the EPF by the end of Q3 2015.

Lekoil has made significant progress to date at Otakikpo with the contracts for the Phase-1 Field Development Plan, which included a rig, well services and an EPF, were tendered and awarded during H1 2015. A number of logistical challenges also overcome related to road remediation and the building of a temporary bridge in order to bring the equipment to site. As a result of the work the surrounding local community has gained a significant socio-economic advantage.

In addition to the above, prior to rig mobilization large tracts of swamp land were reclaimed by sand-filling and land consolidation. Mobilization of the rig equipment was completed and the rig mast was erected in preparation for well completion and production operations.


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