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    • Wed 10 Jul 2019

    • Sector News

    LEKOIL SIGNS MOU WITH SCHLUMBERGER AND MAJOR OIL COMPANY FOR FURTHER DEVELOPMENT AT OTAKIKPO

    LEKOIL has signed a Memorandum of Understanding (‘MOU’) with Schlumberger and a subsidiary of a major international oil company for the development of Otakikpo Joint Venture (JV). The MOU covers a comprehensive infrastructure sharing and drilling programme around a group of marginal field assets in OML 11. The capital expenditure to be incurred by the Otakikpo JV is approximately US$170 million covering new wells and processing infrastructure, of which LEKOIL is expected to fund US $68 million.

  • More in Sector News
    • LEGISLATIVE UPDATE: OTHER ACTIVITIES OF NASS

      Sun 5 Apr 2020

    • LEGISLATIVE UPDATE: ELECTRIC POWER SECTOR REFORM ACT (AMENDMENT) BILL, 2020 BEFORE THE HOUSE OF REPRESENTATIVES

      Sun 5 Apr 2020

    • LEGISLATIVE REPORT: NIGERIA MARITIME ADMINISTRATION AND SAFETY AGENCY ACT (AMENDMENT) BILL, 2020 BEFORE THE HOUSE OF REPRESENTATIVES

      Sun 5 Apr 2020

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