- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
Lekoil announced Thursday that oil has flowed from the Otakikpo Marginal Field in Nigeria to onshore storage tanks, where it will be evacuated upon completion of the offshore pipeline.
All onshore facilities have already been fully commissioned and signed off by the regulators, according to Lekoil, and the offshore pipeline leading from the storage tanks to the tanker offloading manifold is now 80 percent complete.
Upon completion of the pipeline, the joint venture partners, comprising Green Energy International Ltd as operator and Lekoil as technical partner, expects to start transporting to the export terminal and subsequently, be able to gradually ramp up production to 10,000 barrels of oil per day.
“We’re delighted to announce this key milestone from the Otakikpo field. I would like to thank the entire team that has worked so hard on this project, our partners Green Energy, investors, debt financiers, our host communities and our government regulators for their continued support,” Lekan Akinyanmi, Lekoil’s CEO, said.(source: Rigzone)