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  • Shaping the future
    of oil exploration
    and production
    in Africa
  • Indigenous talent
    Key to our success
    Key to our future
  • True to our values
    Innovating new ways of delivering
    greater value by thinking differently
  • TEAMWORK
    Leveraging individual strengths
    and diversity to be more productive
  • Engaging our
    communities
    Creating healthier,
    wealthier places to live
  • Otakikpo
    A new chapter in Nigerian oil
    production begins
  • First oil and gas from
    Otakikpo arrives
    Developing our country's resources
    Developing our country's prosperity

LEKOIL is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia. The Company was founded in 2010 by a group of leading professionals with extensive experience in the international upstream oil and gas industry as well as in global fund management and investment banking.

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Our ambition is to be the world’s leading exploration and production company focused on Africa. In realising this vision, we will seek to maximise value for our stakeholders in a sustainable manner, by operating with integrity and
 leveraging local resources – to the benefit of the countries and communities in which we operate.

Lekan Akinyanmi – CEO

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LEKOIL at a Glance

Strong Technical Leadership

Application of Strong Technical Leadership to the Discovery at Ogo-1 Well, OPL 310.
A commissioned study of the Dahomey basin results in the significant discovery at the Ogo- field, the third largest in the world in 2013, with potential net recoverable resources of 541.8 mmboe net to LEKOIL.

Financial Leadership

Strong Financial Governance and Access to Capital.
Listed on AIM (LSE AIM: LEK) with a US$50million fundraising on 17 May 2013. Post IPO, LEKOIL announced further successful fundraisings with gross proceeds of approximately US$300 million.

Producing asset

First oil flows from Otakikpo Marginal Field.
Initial rate 5,000 bopd on 16 February 2017. 10,000 bopd targeted by end of Q2 2017. Regular exports underway.

Low Cost Production

Robust economics in a low oil price environment.
Otakikpo Marginal Field, located in Nigeria (OML 11) adjacent to shoreline with multiple crude evacuation options, has robust economics with a breakeven below $30/bl.

Focused E&P

Acquisition of Interest in OPL 325, Offshore Nigeria.
Acquired a 62% economic interest in OPL 325. OPL325 depositionally on trend with OPL 310 but 100km to the south.

Strategically Driven

Majority owner of Block 2514B in Namibia.
Following its strategic goals of creating a balanced portfolio of exploration production assets, LEKOIL acquired a 77.5 Gross interest in Block 2514B.
OTAKIKPO UPDATE

Production at the Otakikpo Marginal Field, offshore Nigeria.

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MEDICAL OUTREACH

Local community engagement with our medical outreach.

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LATEST REPORT

Download our 2017 Half Year Report.

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First Oil UPDATE

LEKOIL commenced commercial production at the Otakikpo Marginal Field in Q1 2017. The company’s aim of ‘shaping the future of oil exploration in Africa’ moves one step closer.

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