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Lagos Set To Join Oil Producing States As Production Begins This Year - Politics - Nairaland

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Oil Producing states In Nigeria - The Facts and Figures / FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries / Lagos To Join Oil Producing States In 2015 (2) (3) (4)

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Lagos Set To Join Oil Producing States As Production Begins This Year by agabusta: 1:45am On Jun 09, 2015
Lagos oilfield to begin production this year

With the award of a rig contract to carry out the drilling and completion programme for the Aje shallow-water field offshore Lagos, the first oil production is expected to begin in the state by December this year.

The operator of the Oil Mining Lease 113 has, on behalf of the joint venture partners, entered into a rig contract with Saipem for the Scarabeo 3 drilling rig to carry out the drilling and completion programme for the Aje Field Cenomanian oil development, Panoro Energy said in a statement on Monday.

The joint venture partners led by Yinka Folawiyo Petroleum Company Limited (the operator) had in October last year taken the final investment decision to develop the first phase of the Aje field.

According to the statement, the Scarabeo 3 rig is a semi-submersible rig currently stationed offshore Lagos. The rig will be moved 18 nautical miles to the Aje drilling location and will be used to carry out well operations for the first phase of the Aje Cenomanian Oil field development that includes two subsea production wells.

It said the well operations would comprise the completion of the existing Aje-4 well as a production well, and the drilling and completion of a new well, Aje-5, which would be drilled to the Aje-2 subsurface location.

The Aje-2 well is said to have demonstrated high reservoir productivity in a Cenomanian production test conducted in 1997, flowing approximately 3,700 barrels of oil per day of 41˚API oil under suboptimal well conditions.

Well operations are expected to commence in early third quarter of 2015 and are likely to take approximately 90 days to complete, according to the statement.

It stated that once well operations had been completed, subsea equipment would be installed and the wells would be tied back to the Front Puffin floating, production, storage and offloading vessel, currently undergoing refurbishment in Singapore.

The Chief Executive Officer, Panoro Energy, Mr. John Hamilton, was quoted in the statement as saying, “Panoro is very pleased to be entering into the rig contract for the drilling and completion of the Aje development wells. We have been able to achieve a lower rig rate than was expected when the Final Investment Decision was made in October 2014.

“With well operations expected to commence in the next few weeks, we will continue moving towards our incremental growth strategy of converting Panoro’s discovered resource base into commercial production and generating positive cash flow in 2016.”

Aje is an offshore field located in the western part of Nigeria in the Dahomey Basin at the border with Benin Republic, with the first oil targeted for December 2015, the statement said.

The field is situated in water depths ranging from 100 to 1,000 metres about 24 kilometres from the coast. The field contains hydrocarbon resources in sandstone reservoirs in three main levels – a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir.

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

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.





http://www.punchng.com/business/business-economy/lagos-oilfield-to-begin-production-this-year/

21 Likes 5 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Maczeelly(m): 1:46am On Jun 09, 2015
Good one

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Re: Lagos Set To Join Oil Producing States As Production Begins This Year by agabusta: 1:57am On Jun 09, 2015
Dangote smart businessman has strategically positioned his proposed refinery in Lagos. With this development now:

-easily he will get his raw material
-large market is already waiting for him viz Lag, other part of Nigeria and the entire West Africa hub.
-Human resources is abundantly available in Lagos.
-port facilities is available in Lagos
-Lagos is relatively peaceful and ideal for business.

With the start of oil production, construction of this refinery, construction of the Ladol oil rig/other heavy metal fabrication yard at Takwa bay, construction of Lekki deep sea port and completion of the Lagos Atlantic City project, Lagos is about to firmly reestablish itself as the unrivalled commercial capital of Nigeria.

141 Likes 6 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Saurab: 1:58am On Jun 09, 2015
I thought that man on radio Biafra said there is no oil in Lagos.

151 Likes 6 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by dayo23: 2:10am On Jun 09, 2015
Ondo state single handedly can fixed the whole of south west to another level, with presence of massive deposit of crude oil, Gas, they also have the 2nd largest bitumen deposit in the world etc,and now Lagos having massive crude oil deposit...I luv my tribe, beside this is a very big boast to the Economy of the south west. Hopefully Nigeria would reversed back to through federalism.




God Bless President Buhari
God Bless Prof. Osibanjo
God Bless the South West
God Bless Nigeria

162 Likes 12 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by nationwide1(m): 2:22am On Jun 09, 2015
True federalism is what Nigeria needs. It will solve 75% of Nigeria's problem.

More states with oil will be discovered but Nigeria can't grow until we stop being a federation by principle but in practice.

47 Likes 3 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by StOla: 2:22am On Jun 09, 2015
"Our oyel" people would let us hear word now.

192 Likes 8 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by phoenixchap: 2:43am On Jun 09, 2015
and now some people will say......

2 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by gambit10: 3:01am On Jun 09, 2015
omo lasgidi 100%...even without oyel gaan, na we dey there...na we get am

30 Likes 4 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Sibrah: 3:04am On Jun 09, 2015
Lagos has gone this far . . .
Moves like these is good new to all. Aboki will have more money to spend, fishermen will have people who share their plight, and the noise of our oyel will reduce.
Also with the oyel running from the sea to a coastal town there will be less of pipeline vandalism.

13 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Nobody: 3:21am On Jun 09, 2015
now turn Lagos into a mega city. So proud of my state,hope to visit there soon.

20 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by modath(f): 3:28am On Jun 09, 2015
The secessionists will hate to hear this...

This is not part of the plan, not at all.. the plan is to hoodwink the "oyel" people into going with them & leave the SW and the North in ruins and tatters..

That plan is gradually biting the dust. cheesy

129 Likes 6 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by stinggy(m): 3:29am On Jun 09, 2015
Nooooooo
What will happen to [size=15pt]Our Oyel[/size] cry cry


This Rose2014 that commented right after is so foolish. I piss on you from above undecided

65 Likes 5 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 3:38am On Jun 09, 2015
Hopefully this will make my ewedu brothers to stop peeing in their pants when they hear 'secession'
Ewedu consumers depending on oil for their daily bread since 1914. With this type of news, I expect them to feel safe enough to support Biafra or at the very least 'resource control'


Either way #Godwin#

59 Likes 4 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by 4stylz: 3:51am On Jun 09, 2015
StOla:
"Our oyel" people would let us hear word now.


I am happy so you can leave Niger delta oil alone; fool, you think it's just about the oil? It's because of foolish people like you they want out. Na by force? Take oil away, they still want out, you think oil started this tribal problem? ask historians they will tell you it started before Nigerians even knew what oil could do.

Good Nigerians are trying to make Nigeria a better place for everyone, you are talking trash on a good news

26 Likes 5 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by 4stylz: 3:54am On Jun 09, 2015
Rose2014:
Hopefully this will make my ewedu brothers to stop peeing in their pants when they hear 'secession'
Ewedu consumers depending on oil for their daily bread since 1914. With this type of news, I expect them to feel safe enough to support Biafra or at the very least 'resource control'


Either way #Godwin#


You just proved your foolishness, now everyone knows its oil you are iinterested in; let's watch and see how it plays out

101 Likes 5 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:00am On Jun 09, 2015
4stylz:


You just proved your foolishness, now everyone knows its oil you are iinterested in; let's watch and see how it plays out

It seems you're having comprehension problem and I urge to go back to bed ASAP

Oya read my lips: Igbos have never depended on Nigeria oil since 1914
Most SE states have oil too but we don't depend on it.

Depending only on oil for daily bread is a characteristic of Yor.bas hence I rejoice with them at this news cheesy

28 Likes 2 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:04am On Jun 09, 2015
modath:
The secessionists will hate to hear this, this is not part of the plan, not at all.. the plan is to hoodwink the "oyel" people into going with them & leave the SW and the North in ruins and tatters..

That plan is gradually biting the dust. cheesy

This comment just proves how scared you've been about secession. Take away oil, your daily bread is gone cheesy

26 Likes 4 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by after1: 4:28am On Jun 09, 2015
Rose2014:
Hopefully this will make my ewedu brothers to stop peeing in their pants when they hear 'secession'
Ewedu consumers depending on oil for their daily bread since 1914. With this type of news, I expect them to feel safe enough to support Biafra or at the very least 'resource control'


Either way #Godwin#



Cursed akpu eating animal from the SAD BEAST.

93 Likes 3 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by after1: 4:30am On Jun 09, 2015
Rose2014:


It seems you're having comprehension problem and I urge to go back to bed ASAP

Oya read my lips: Igbos have never depended on Nigeria oil since 1914
Most SE states have oil too but we don't depend on it.

Depending only on oil for daily bread is a characteristic of Yor.bas hence I rejoice with them at this news cheesy

Dumb fool, so your region dont collect monthly allocation from oil proceed? It seems Ondo state is also sad beast right. Shameless oloshi liar

47 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by bukster(f): 4:31am On Jun 09, 2015
Rose2014:


It seems you're having comprehension problem and I urge to go back to bed ASAP

Oya read my lips: Igbos have never depended on Nigeria oil since 1914
Most SE states have oil too but we don't depend on it.

Depending only on oil for daily bread is a characteristic of Yor.bas hence I rejoice with them at this news cheesy

That's not true. The SW and SS are the only geopolitical regions that generate more revenue than the allocations they receive. All other regions depend far more on allocations.

51 Likes 3 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:33am On Jun 09, 2015
after1:


Dumb fool, so your region dont collect monthly allocation from oil proceed? It seems Ondo state is also sad beast right. Shameless oloshi liar

after1:
[s][/s]

Cursed akpu eating animal from the SAD BEAST.

Ehyaaa e pain u!!!! grin

Ouch

24 Likes 2 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by fulanimafia: 4:34am On Jun 09, 2015
Next... The Chad Basin. Nigeria is blessed with so much resources, it's too bad we were blinded by SS oil for so long.

PMB's decision to resume exploration in the Chad Basin and make solid mineral development a cardinal point is a step in the right direction.

Bad news for 'OUR OYEL' singers.

19 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by after1: 4:35am On Jun 09, 2015
Rose2014:




Ehyaaa e pain u!!!! grin

Ouch

Weyre, counter my post and stop doing like ojuku of cursed memory. Mumu

51 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by muzzafar(m): 4:35am On Jun 09, 2015
It is a very good development. Now that southwest have more resources PLEASE let them let Biafra go now peacefully.

6 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:36am On Jun 09, 2015
bukster:


That's not true. The SW and SS are the only geopolitical regions that generate more revenue than the allocations they receive. All other regions depend far more on allocations.
When u talk about SW you mean Lagos right?
All tribes in Nigeria contribute to Lagos revenue. Yoruba contribution may be insignificant sef

Well except if 'owoda' and 'Agbero' are put into consideration

18 Likes 2 Shares

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:37am On Jun 09, 2015
after1:


Weyre, counter my post and stop doing like ojuku of cursed memory. Mumu
E still de pain am!!!!! cheesy
Ndo

9 Likes 1 Share

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:37am On Jun 09, 2015
muzzafar:
It is a very good development. Now that southwest have more resources PLEASE let them let Biafra go now peacefully.
I hope so

3 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by after1: 4:38am On Jun 09, 2015
Rose2014:

E still de pain am!!!!! cheesy
Ndo

Yiboo troll. Ahahahahaha. Oloshi

38 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by bukster(f): 4:41am On Jun 09, 2015
Rose2014:

When u talk about SW you mean Lagos right?
All tribes in Nigeria contribute to Lagos revenue. Yoruba contribution may be insignificant sef

Well except if 'owoda' and 'Agbero' are part of the contribution

No I mean SW. Oyo and Ogun also contribute significantly to SW GDP. Their GDP is higher than most SE states

48 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Adesiji77: 4:43am On Jun 09, 2015
Lagos don hammer! cheesy

CC: lalasticlala, Seun

5 Likes

Re: Lagos Set To Join Oil Producing States As Production Begins This Year by Rose2014: 4:44am On Jun 09, 2015
bukster:


No I mean SW. Oyo and Ogun also contribute significantly to SW GDP. Their GDP is higher than most SE states
There is also high presence of other tribes in Nigeria in Ibadan for example. I'm talking of average Yoruba man contribution to Nigeria GDP growth

9 Likes 2 Shares

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