abu12:
[size=16pt]change is here, kogi state will b the first northern state to join oil producing in nigeria by august 2015, kogi will recover it stolen oilwell back from anambra [/size]

what oil was discovered in Kogi? Kogi is a refuse dump. The poorest state in Nigeria if I'm not mistaking.

martineverest:
Cos oil drilling engineering is a branch of pet.eng dats mostly mechanical

mmsen:


I'm no expert but drilling would entail engineering.

Yes, but what you made reference to relates more to economic theory than mechanical engineering. You acknowledged the existence of newer cheaper technologies for exploitation of oil which would have been more beneficial to the thread (and justified your mention of your expertise) than downplaying the discovery in its entirety on the basis of the failures in the ND.

princdebola201:
Lagos State is set to join the league of oil producing states in the country come next year as the joint venture partners on the Aje Field offshore Lagos have taken the final investment decision on the exploration of the field.

A group led by Yinka Folawiyo Petroleum Company Limited took the FID to develop the first phase of the Aje shallow water oil field for $220m.

The aim of the first phase is to produce 10,000 barrels per day of oil from two target wells in the Oil Mining Lease 113 area. A re-entry of Aje-4 will form the first producer, while drilling of Aje-5 is expected to be the second.

The plans include the use of Rubicon’s Front Puffin floating production, storage and offloading vessel, which produced oil from the Puffin field in the Timor Sea. The vessel will be brought up to specification soon, while the procurement of subsea equipment and the contracting of a drilling rig are progressing.

The Aje field’s first stage is scheduled to be brought on stream at the end of 2015.

“We believe that this development is good for Nigeria generally because our reserves base has not increased over the years as expected, because the international oil companies are not ready to invest since the Petroleum Industry Bill has not been passed,” an elated Commissioner for Energy and Mineral Resources, Lagos State, Mr. Taofiq Tijani, told our correspondent.

Yinka Folawiyo is the operator with 25 per cent interest in the field. The partners are Vitol, 24.05 per cent; First Hydrocarbons Nigeria Limited, 16.875 per cent; Energy Equity Resources Limited, 16.875 per cent; Panoro Energy ASA, 12.19 per cent; and Jacka Resources Limited, five per cent.

The JV partners had in January 2014 submitted the Field Development Plan for the Aje field to the Department of Petroleum Resources. The FDP was approved in March and is primarily focused on the development of the Cenomanian oil reservoir.

The FDP envisages first oil commencing in late 2015 with mid-case reserves of 32.4 million barrels.

The first phase of development includes two subsea production wells tied back to a leased FPSO. These wells will most likely comprise the re-completion of the existing Aje-4 well and a new well drilled close to the Aje-2 subsurface location.

In addition, further potential on the block is being defined following the 3D seismic acquisition across both OPL 310 and OML 113.

Lagos State had last year established its oil and gas company following the passage of a bill that sought to establish the Ibile Oil and Gas Corporation.

The bill was to authorise the state government to invest and engage in oil and gas activities.


http://www.punchng.com/business/business-economy/lagos-to-join-oil-producing-states-in-2015/

This is some good news. However, with the shale oil boom in the US, and alternative energy technology in full swing in developed countries, crude prices are doomed to fall to relatively near obscurity in the coming years. Any serious government that has the future in sight had better start diversifying. Technology is the future. Any government serious about the future should build a technology-driven economy. Oil revenues alone won't suffice any longer to meet the financial needs of Nigeria with an estimated population of about 170m people and growing; and excessive corruption is still endemic in the government system. God bless Lagos State and God bless Nigeria.

Very good...lets see how they will handle it,because it will determine how the SS will go about the whole thing..

Ujupsy:
Sorry go tell your past hero who are the brain. behind one Nigeria when the oil start rolling be sure you fell what Niger delta felt

We-Yorubas are not stupidd when it comes to adminstrative skills/things like oil drill and all that associate with it. Heaven can bear me a witness on the fact that Yorubas would be on top of the situation.

We are excellently gifted in all ways.

Give us(Yorubas) Nigeria economy without interference from any quarter to run for a year and see how the standard of living of Nigerians would improve speedily.

irunoobo:
THANK GOD. ENOUGH OF THE THREAT FROM THE IGBOS AND IJAWS OVER THEIR YEYE OYEL. SOUTHWEST IS SO BLESSED. dancing shoki

lol...10000 barrels...I laugh..we will be happpy to let go off you guys...your elites have become wealthy because of the large production of oil from the niger delta...the least you can do is be grateful for all the years of contending with you blood suckers...

Amazo:



This is some good news. However, with the shale oil boom in the US, and alternative energy technology in full swing in developed countries, crude prices are doomed to fall to relatively near obscurity in the coming years. Any serious government that has the future in sight had better start diversifying. Technology is the future. Any government serious about the future should build a technology-driven economy. Oil revenues alone won't suffice any longer to meet the financial needs of Nigeria with an estimated population of about 170m people and growing; and excessive corruption is still endemic in the government system. God bless Lagos State and God bless Nigeria.

Common sense comment....but when it comes to Nigeria....we prefer the lifestyle of the idle rich, than work for our money.

Well....diminishing oil prices may force us down that technology path of which you speak.

Oil is a curse.

Rawani:




Yes, but what you made reference to relates more to economic theory than mechanical engineering. You acknowledged the existence of newer cheaper technologies for exploitation of oil which would have been more beneficial to the thread than downplaying the discovery in its entirety on the basis of the failures in the ND.

Any engineering project would include cost analysis/viability.

The whole purpose is to get more for less in any industry, engineering in particular is about efficiency.

SenatorM:
There is No single drop of oil in Lagos as a Geologist

You are a fake geologist. Do you know what is called Migration or how is petroleum formed. It is formed by decay of dead plants and animals over a long period of time. There might be a migration from the Source rock in the Niger Delta to a reservoir rock deep sea in Lagos. You be surprised there is Oil in various Basins in Nigeria. The govt just needs to invest more on exploration. I am a Petroleum Engineer with a masters degree abroad with about 3 years experience still learning.

seunfly:


It is so sad, 2years ago South African signed steel exportation agreement with China worth $40 billion per annum which is more than what we make from crude oil, yet we have the largest deposit of iron ore in Africa (zamfara state) and the purest deposit in African( itakpe kogi state).

East London where the steel is produce is been called the new rising city, it is part of the new 7 cities south Africa is developing.

When you look at the depth of our resource base (both human and natural), what we currently have as GDP is puny compared to what it could have been if we had been firing on all cylinders.

We should be soaring, instead we are celebrating how great we are at crawling!

lisimmo:
That's okay. At least the cry of "na only us get oil" will reduce.

must you talk like this?? technically what is 10k bpd??

stinggy:
Where is that muntula called Lemon12?

yeye boi ... E don we dey hear am

Arysexy:


Yes u have red oil in yorubaland But d crude oil in ondo belongs to d ilajes who were geographically carved into ondo.

There are also ilajes in Lagos. Carved into or carved upon, they are Ondoians, and Ondo is a member of oil producing states, and by extension, a member of the NDDC.

Hope you get the drift wella.

proudlyhandsome:


We-Yorubas are not stupidd when it comes to adminstrative skills/things like oil drill and all that associate with it. Heaven can bear me a witness on the fact that Yorubas would be on top of the situation.

We are excellently gifted in all ways.

Give us(Yorubas) Nigeria economy without interference from any quarter to run for a year and see how the standard of living of Nigerians would improve speedily.

Abeg.....stop this tribalist comment (and I am not Igbo or Hausa....so don't go there!).

Nigeria's economy will improve when we go fully industrial.

How many Yoruba companies design and manufacture cars, aeroplanes, construction equipment, even oil drilling machines?

Don't you people have the same type of brain as the whites and the asians?

You Nigerians will do better by humbling yourself and focusing on development via education and science and tech. Oil will not save you.

What! IGBO people have found oil in their "No-man" State..


The Good Igbo People of Lagos now has Oil..

Hallelujah

olawalepopoola:
I am a geologist and I had always told people that there is no way you will find oil in Niger Delta and Ghana and you'll will find it in Lagos! Now we Yorubas have it all! Land, water, oil, mineral resources and intellectual!

You are a disgrace as a geologist.does lagos have the oil bearing shales ,just becauuse a land is boarded by water does not mean there will be oil there SUGOMU
In that case togo should have oil cotedivoire ,benin,guinea olodo

irunoobo:
THANK GOD. ENOUGH OF THE THREAT FROM THE IGBOS AND IJAWS OVER THEIR YEYE OYEL. SOUTHWEST IS SO BLESSED. dancing shoki

You just have this childish habit of polarizing every single post along ethnic lines. Even your writing style is so childish. Grow up please

irunoobo:
THANK GOD. ENOUGH OF THE THREAT FROM THE IGBOS AND IJAWS OVER THEIR YEYE OYEL. SOUTHWEST IS SO BLESSED. dancing shoki

That 'yeye oyel' has been sustaining your southwest before you were born,is still sustaining it and still will,long after you are gone

proudlyhandsome:


We-Yorubas are not stupidd when it comes to adminstrative skills/things like oil drill and all that associate with it. Heaven can bear me a witness on the fact that Yorubas would be on top of the situation.

We are excellently gifted in all ways.

Give us(Yorubas) Nigeria economy without interference from any quarter to run for a year and see how the standard of living of Nigerians would improve speedily.

we can already see where you grandpa obasanjo lifted the living standard to.

hansad:
Oh Lawd,

please make this Lagos oil be a reality, in short, make all Yorubaland become oil producing area - so that this fraud called One Nigeria go quickly split.

Abeg...the prayer you Nigerians should be praying is

Oh God make the Hausas manufacture radios and televisions, the Yourbas cars and boat engines, the Igbos, cars and computers and make the Tiv people manufacture aeroplanes, motorcycles and rockets....and the Ijaws Hydroplanes.

Oil dependent economies are economies at risk. Especially when you consider the fact that 1) everybody including America is developing oil=glut in market=oil prices dropping to a slow as $20 per barrel. 2) Green energy is growing in leaps and bounds. Even now batteries are being developed that can run cars for hours without charge.

Stop looking at oil. Look at science and technology. There is your help.

Oil is a curse.

UncleJudax:

There are also ilajes in Lagos. Carved into or carved upon, they are Ondoians, and Ondo is a member of oil producing states, and by extension, a member of the NDDC.

Hope you get the drift wella.

Where does Yoruba come in?

For goodness sake what is wrong with Nigerians?? I bet all this people spewing thrash on here don't even understand a single technical implication of this post. Do people even read posts this days? The time lapse between the op posting and most of the comments on the first page would show you that these people don't even read threads. Someone just sees a topic and practically derails it with tribalism without learning a single thing from the content. Eternal illiterates.

Why oil exploration in Lagos, another bad call, an't we exploring enough already? We masses don't even see benefits of this black gold revenues. Please don't bring oil pollution to Lagos oh....where are this Eco warrior when you needed them to support good cause? Hoo oya let start hashtag "nooilexplorationlagos". proceed to Lagos state Governor office.

elclark:

That 'yeye oyel' has been sustaining your southwest before you were born,is still sustaining it and still will,long after you are gone

Bleep your miserable life. The southwest was developed with proceeds from cocoa and other agricultural products. Your oil has been a curse. No one needs it anymore. You can drink it along with your fellow ijaw chest beaters

engrkenny:


You just have this childish habit of polarizing every single post along ethnic lines. Even your writing style is so childish. Grow up please

You are senseless and pained cos I ignored your PM. Sex starved gorilla

seunfly:


That mining is the key, we could have made twice of what we are making in crude oil in minning especially iron ore mining and steel processing.

That's why we have been SHOUTING that the government should diversify the economy and be less dependent on it.

UAE and Singapore, just to mention a few do not possess oil and they are developed. So Nigeria has no excuse WHATSOEVER!!!

The Buhari administration should please make the economy less dependent on oil.

I'm particularly interested in the mining industry because we possess abundance of Mineral Resources. I want Bentonite clay readily available locally for my hair and beauty treatment so I won't have to buy the imported ones!

lisimmo:
That's okay. At least the cry of "na only us get oil" will reduce.

Its best that all states are allowed to use their Oil. Not diminishing Oil from one section of the country and still marginalising them.

Volksfuhrer:
Something tells me Nigeria could be sitting on a bigger reserve than we are being made to believe. Who knows? Sokoto could be next!

Commercial quantity of crude oil has already been discovered in Sokoto, Ogun, Kwara, Ondo and Lagos.

http://m.news24.com/nigeria/MyNews24/Crude-Oil-Discovery-In-Sokoto-State-20120829

olawalepopoola:
I am a geologist and I had always told people that there is no way you will find oil in Niger Delta and Ghana and you'll will find it in Lagos! Now we Yorubas have it all! Land, water, oil, mineral resources and intellectual!

You, sir, are an intellectual bigot.