Africa focused oil and gas exploration and production company, Lekoil has indicated that value appreciation for shareholders is central to its 2019 strategy. The CEO of the company, Olalekan Akinyanmi, in a note accompanying its 2018 financial report, said: “The priority for 2019 is to grow production volumes at Otakikpo through Phase Two development (subject to funding) to reach gross volumes of 15,000 to 20,000 bopd. The first step has already occurred, with 3D seismic data acquisition and interpretation now completed “The next year [2019] should therefore provide key catalysts…
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