LEKOIL Targets 100,000 bpd Growth at Africa Oil Week

LEKOIL has outlined a long-term ambition to build production capacity of 100,000 barrels per day across its portfolio, supported by increased production, further exploration, gas commercialisation and strategic partnerships.

The company presented its growth strategy at Africa Oil Week 2026 in Accra, Ghana, where it participated as Platinum Sponsor and engaged government officials, investors, operators and other energy-sector stakeholders.  

Speaking at the forum, the company’s leadership outlined a shift from portfolio building to execution, production growth and value creation across its asset base.

LEKOIL’s portfolio includes interests in Otakikpo in PML 11, OPL 276, OPL 325, OPL 310 and OPL 241, providing exposure to current production, discovered resources and exploration opportunities. Advancing these assets will depend on phased development, regulatory approvals, funding and the right strategic partnerships.

“We have built the portfolio. Now it is about execution, production and creating value,” said LEKOIL Chief Executive Officer, Lekan Akinyanmi, who led the company’s delegation to the conference. 

Hamilton Esi, General Manager,…