Lekoil Farms into OPL 310

Afren plc and Lekoil have agreed to farm-out terms for license OPL 310 that lays offshore Nigeria which holds the Ogo prospect that is currently being drilled. Under the terms of the agreement, Afren has farmed out a 17.14 percent interest in license to Lekoil, pending Nigerian Ministerial Consent. The indigenous Nigerian company Optimum Petroleum Development Ltd. is the operator of the block and will continue to hold a 60 percent participating interest. 

The GSF Monitor (350' ILC) spud the Ogo prospect which is a four-way dip-closed structure in the Turonian to Albian sandstone reservoirs. The well is targeting 78 million barrels of oil equivalent of gross P50 prospective resources, stated Afren in a press release. Drilling commenced April 23 and is currently at a depth of 3,500 feet.

Drilling is expected to last 90 days and includes a planned sidetrack which will test a new play of stratigraphically trapped sediments that pinch-out onto the basement high targeting 124 million barrels of oil equivalent  of gross P50 prospective resources.

“We are delighted to have successfully concluded a farm-out on OPL 310, offshore Nigeria and welcome Lekoil as a partner in exploring the significant potential of this under-explored region of the West African Transform Margin,” said Osman Shahenshah, chief executive of Afren, in a press release.


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.