LekOil begins seismic in Nigeria

27th Mar 2014 15:06

Lekoil said it has started a 3D seismic programme on the OPL 310 offshore Nigeria.The programme will cover an area of about 1,505km sq representing approximately 80% of the acreage within OPL 310.Following completion of the 3D acquisition, processing and evaluation, the company will use the data to high grade and de-risk opportunities in the OPL 310 acreage surrounding the Ogo discovery. Lekoil plans to drill an appraisal well on Ogo in the second half of 2014, ahead of development planning.Chief Executive Lekan Akinyanmi said: "The survey will provide key data that will enable us to refine and de-risk the other prospects in the block that were identified by dated regional 2D. It will also provide valuable reservoir characterisation and definition information."This is the first phase of an active programme in 2014 that will culminate in an appraisal well later in the year. We are excited about the potential of the licence and look forward to the results of the data acquisition." Shares fell 0.45% to 54.75p at 15:11 on Thursday.RD