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Thursday, February 1, 2018
The technical evaluation report for Nigeria’s OPL 325 is now complete, according to Lekoil who holds a 62% equity interest in OPL325, through Ashbert Oil and Gas Ltd. The block is located offshore in the Dahomey Basin, straddling the western Niger Delta, 50 km south of OPL 310.
Lumina Geophysical carried out a geophysical evaluation of approximately 800 sq km of 3D seismic data provided by LEKOIL. As a result of this seismic review, Lumina identified and reported on a total of 11 prospects and leads on the block, estimated to contain potential gross aggregate oil-in-place volumes of over 5,700 million barrels (un-risked, Best Estimate case). Lumina’s efforts focused primarily on the Paleocene section of the block, generating new structural and stratigraphic maps using 3D pre-stack time migration seismic data. These maps were used in the volumetric approach to come to an estimation of potential resources in OPL325.
Lekoil intends to farm-down a portion of its working interest in OPL325 following a detailed prospect/lead risking study.
Lekan Akinyanmi, the company’s CEO, said, “This independent report underlines our belief in the prospectivity of this asset that was part of our original Dahomey Basin study. The deep water turbidite fan play is particularly exciting for OPL325. As one of Lekoil’s key assets, we are delighted to have third party endorsement of our prospective resources, and our significant equity holding in the block gives us plenty of optionality for the next phases of exploration.”
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