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ADVISORY Acts as Project Counsel on the Phase II development of the Otakikpo Marginal Field

ADVISORY Legal Consultants is pleased to have advised the Green Energy International Limited (GEIL) and Lekoil Oil and Gas Investments Limited (LEKOIL) Joint Venture in respect of a drilling program and the development and sharing of infrastructure within the Otakikpo marginal field in OML 11 block.

The development of this world-class project, which will be managed by Schlumberger, has forged ahead in spite of the low oil price environment. As Project Counsel, we developed and assisted the JV with the negotiations of key project contracts including agreements for the drilling program, the use of all facilities to be developed for the evacuation of crude oil from the Otakikpo field and, for the overall management of the project.