Shell Western Supply and Trading Limited has confirmed the lifting of a shipment of 250,000 barrels of crude oil.


The Otakikpo field is producing around 5,000 bopd and Lekoil is focussing on the ramp-up to the Phase 1 target of 10,000 bopd.
Lekoil Limited (LON:LEK) has confirmed the lifting of a shipment of 250,000 barrels of crude oil produced from the Otakikpo field, in Nigeria, to Shell Western Supply and Trading Limited.
It is expected that the Royal Dutch Shell subsidiary will forward payment for the crude within the next month, as set out in the existing crude sales agreement between the two firms.

The AIM-quoted group told investors that it doesn’t intend to provide specific updates for each export from Otakikpo and going forward it will communicate lifting volumes as part of its periodic reporting.
Lekoil also confirmed that Otakikpo continues to produce at a rate of around 5,000 barrels of oil per day and that it continues to focus on the ongoing efforts to ramp-up output to the Phase 1 production target of 10,000 bopd.

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