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Shaping the future
of oil exploration
and production
in Africa -
Indigenous talentKey to our success
Key to our future -
True to our valuesInnovating new ways of delivering
greater value by thinking differently -
TEAMWORKLeveraging individual strengths
and diversity to be more productive -
Engaging our
communitiesCreating healthier,
wealthier places to live -
OtakikpoA new chapter in Nigerian oil
production begins -
First oil and gas from
Otakikpo arrivesDeveloping 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
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.
