Nigeria is set to export its first crude oil lifting from the Aje field, offshore Lagos, by the end of August following the commissioning of a production and storage vessel for the product.

The news of first crude oil lifting and exportation from the Aje field will come as good news to Nigerians in the wake of repeated threats by the Niger Delta Avengers that no single drop of oil will be exported from Niger Delta oil fields.

As oil production in the Niger Delta continue to decline following the activities of militants, Governor Akinwunmi Ambode of Lagos State in May, 2016 announced to the world that the state had officially joined the League of Oil Producing States in Nigeria with the discovery of crude oil by Yinka Folawiyo Petroleum Company Limited (YFP) in the state.

The Aje oil field has the capacity to produce at least 12,000 barrels per day, with a possibility to increase to 25,000 to 50,000 barrels per day in the nearest future.

The announcement of the first crude oil lifting from the Aje field was made by yesterday by Panoro Energy, the London based independent E&P Company in partnership with YFP in an operational update on its website.

The company, however, stated that the targeted stabilised production rates have not yet been achieved, due to mechanical issues and Nigerian regulatory approvals.

“Until the outstanding issues are resolved, which could take until the end of Q4 2016, production shall be maintained at a restricted daily rate of approximately 7,000-8,000 barrels of oil”, the company stated.

“We expect the first crude oil lifting from the Front Puffin FPSO to take place at the end of August”, it said adding “In the meantime we continue to be encouraged by the performance of the reservoir to date

The company said several international oil companies and trading houses have expressed interest in purchasing Aje crude.

Laboratory assays have been delivered on Aje crude oil which show it to be as expected a high quality grade of approximately 42 degree API”, the company’s update noted.

John Hamilton, CEO of Panoro said, “We are very pleased with the reservoir performance at Aje and are planning the next steps to realize its full potential


https://www.informationng.com/2016/07/iocs-traders-place-orders-as-lagos-begins-first-crude-oil-shipping-august.html

cktheluckyman:


12,000 barrel!!! Chai chai chai daris Godooooo

aresa:
The sky is the limit..



Eko o ni baje o...

Poorboy:
Wasteland, wasteoil, wasteexport, wastedreams... Kwantinu

The company said several international oil companies and trading houses have expressed interest in purchasing Aje crude.

modath:


Your moniker is enough punishment from Jah, kwantinu in your hell on earth existence..

Poorboy:
Wasteland, wasteoil, wasteexport, wastedreams... Kwantinu

omenka:
Oh boy!!! The fever and headache some people would get upon hearing this news could linger for days on end!

Imagine them opening a thread alleging that the sample of crude oil presented to Ambode was obtained from the Niger Delta simply because SR (who's reports they now believe more than they do reports from The Sun and Authority Newspaper) busted Obiano's lie (notwithstanding he's a performing governor).

Congrats to Lagos as scAvengers keep avenging imaginary crimes against their region.

It is well with Nigeria.

omenka:
Look at them above. They have started arriving, crying but pretending to be laughing!

The tin dey pepper dem reach inside belle.

cktheluckyman:


Lol so all this noise and opening of threads up and down are just for 12,000 barrels of oil.I even thought it had already gotten up to 50,000.chai chai!! Just one local govt in delta state is producing 90,000.

@Aresa

So you seriously expect IOCs to invest in lagos oil with just 12,000 barrels? Are you for real

modath:


The cause of the trauma is what is baffling... The quantity isn't even so grand in comparison to ND's mega yield, why the dejection then?

We are supposed to believe that ugwu is exported in covered airless wooden crates but Aje field's crude exploit is fantastical... issokay.

wowmenow:
The distribute oil Yoruba will not do party

Ambide is not there

No national news paper carry the news

Expert from Germany ipob says the Lagos state oil contain sulphur

This news is lie

FreeGlobe:

believe there is even a 20 barrel anywhere in Lagos and believe anything.. what we have in lagos are just bottles of crude oyel ,not barrel

Poorboy:
Wasteland, wasteoil, wasteexport, wastedreams... Kwantinu

FreeGlobe:

believe there is even a 20 barrel anywhere in Lagos and believe anything.. what we have in lagos are just bottles of crude oyel ,not barrel

wowmenow:

Thank God the afonjas now have oil
Tell buhari to leave Niger delta alone
Hypocrites deceiving themselves not only oil is pure water

ruggedised:
sophisticated afonja oyel coming soon
happy for them

wowmenow:
The distribute oil Yoruba will not do party
Ambide is not there
No national news paper carry the news
Expert from Germany says the Lagos state oil contain sulphur
This news is lie

ruggedised:
sophisticated afonja oyel coming soon
happy for them

wowmenow:
IOC dont buy oil

This news is fake

Expert says Lagos oil contain sulphur it will ready for commercial sale 2020