Operator Optimum has handed Lekoil a lifeline over its remaining ownership in the giant deepwater Ogo field off Nigeria. Lekoil has already given up a major stake in Optimum's OPL 310 which contains the 774m boe Ogo field after a failed legal action last year to take over Afren's interest. It now has a 17.14% stake remaining. Originally it had a deadline of February of paying Optimum US $ 10m for sunk costs and also to be able to show it could pay $28m towards an appraisal well.
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