Farmout of OPL 310

Published

Afren farmed-out 17.14% interest in the OPL 310 license off Nigeria to Lekoil (subject to Nigerian Ministerial consent). Optimum Petroleum Development Ltd. (60%) will operate with partners Afren (22.86%) and Lekoil (17.14%). The first exploration well will be drilled on the Ogo prospect, targeting 78MMboe, and will include a sidetrack, targeting 124MMboe.

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