Lekoil Limited Provides Operational Update

Source: www.gulfoilandgas.com 1/18/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to provide the following corporate and operational update:

Operational Development for the month of December 2021 taken from information provided by Lekoil Nigeria

· Otakikpo:
o Oil production in December 2021 of 4,530 bopd (gross)/1,812 bopd (net).
o Oil production in December was impacted by equipment interruption and repair.
o Ongoing work for drilling of two (2) additional production wells, namely: preparation of drillsite and campsite; detailed well planning with major contractors for rig, long lead items and major services; and sign off of well design for Otakikpo 4.

· OPL 310 (Ogo):
o No material update.
· OPL 325:
o No material update.

· OPL 276
o No material update.

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