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 used 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/

Cc. Lalasticlala

we dey go there

guntranno:
we dey go there

We dey go there abi we don dey reash dia sef...

Sveen:


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

Cc. Lalasticlala

Oyel is everybody's need.

Hmmm!
Is there enough Oil in Lagos to prepare Egusi soup?

Good

Ogun also got untapped Crude oil deposit.

why now that oil price is dancing konko below

I honestly feel/pray that no oil should be found.
First it will make Lagos less resoursefull as it is today because the tendency is there to rely on petro-dollar as major source of revenue.
The other point is Lagos is already farrrr too over populated. Another discovery of Oil will mean more people trying to survice economic hardship will be moving to Lagos.
I for one think Lagos and Ogun state should be merged together. Lagos has the wealth the people of Ogun need, while Ogun has the land that lagos can effectively put to use. So a scratch-my-back-and-I-scratch your-back opportunity exist there. But the ego crisis between the two neighbors over who becomes the governor and commissioners will not let it work.

Aje shallow-water
field offshore Lagos

Many people will avoid this thread.

We know why and who they are.

Yet the wailing wailers will come here and rant that is only their land that is being exploited by the Nigerian government for oil exploration, just like the wailer below me. Lagos here we come.!!!

Every year " Closer to First oil" .....I hope they will not drill while looking for "OYEL" until they reach another planet. They have been drilling this oil since 1953 yet them never reach the well