The possibility of first oil from the Aje shallow- water field offshore Lagos this year has received a significant boost
with the commencement of drilling on the Aje-5 production well on
the Oil Mining Licence 113.
The Aje-5 well is part of the first phase of a two-phase development
plan for the field.
The well is being drilled with the Saipem Scarabeo 3 semi-
submersible drilling rig, Panoro Energy, one of the joint partners
involved in the Aje field development, said in a statement on
Monday.
The firm said, “Following drilling, the Aje-5 well will be completed
as a subsea oil production well.
“The drilling and completion for Aje-5 is expected to take
approximately 70 days. Following this, the rig will be use
d to re-
enter the existing Aje-4 well to complete it as a second Cenomanian
subsea oil production well.”
It added that installation of the production manifold, flowlines,
umbilicals and risers would take place in the fourth quarter of this
year, after which the floating production, storage and offloading
vessel, the ‘Front Puffin’, would be installed and commissioned.
“Production is expected to commence by year-end 2015 at an initial
anticipated production flow rate of approximately 1,100 barrels of
oil per day, net to Panoro from these two wells, in accordance with
the first phase of the approved Field Development Plan.”

http://www.punchng.com/news/new-well-drilling-moves-lagos-closer-to-first-oil/

Ondo...Lagos... Soonest Ogun will follow...By then Nigerians will be tired of the "Na our oiyel money" noises...SouthWest rocks

Wish say I dey drill dat well.

Dem don even drill dia wild cat self.

Na dia fun dey dey in wild thing and expectations of monster at any given time.

God blessed Nigeria with Oil!
But then we cursed ourselves with it!

Good one, Though I would rather advocate for the diversification of our foreign exchange earnings.