Cape Town: Lekoil is set to demonstrate its expansion plans and ESG-driven growth strategy at African Energy Week (AEW) 2025. The Nigerian independent energy firm continues to garner attention with its project execution, investments, and contributions to national development and energy transition.
According to African Press Organization, Lekoil holds interests in a range of marginal and offshore assets in Nigeria. The company’s involvement in the Ogo-1 and Ogo-1 ST wells in the OPL 310 license offshore Lagos in 2013 marked one of Nigeria’s largest offshore discoveries, with estimated recoverable resources surpassing 700 million barrels of oil equivalent. Building on this, Lekoil acquired a majority stake in the Otakikpo field in OML 11, Rivers State, bringing it into production within 18 months, setting a speed and efficiency benchmark among indigenous operators. The company continues to expand at Otakikpo, aiming to boost output and enhance existing infrastructure.
Lekoil’s progress illustrates the potential of local capacity when paired with focused leadership and collaborative investment.