₦airaland Forum

An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, offshore Lagos.
The firm said oil produced from the Aje field will be stored on the Front Puffin, which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels.

Aje is an offshore field located in OML 113 in the Dahomey Basin in the Southwest. The field is situated in water depths ranging from 100 to 1,000 metres, about 24 km from the coast.

Its Chairman Tunde Folawiyo said: “The attainment of this milestone is indeed a laudable achievement not just for YFP but for the Nigerian oil and gas industry as a whole and indeed Lagos State which can now be addressed as an oil producing state. Recording this achievement in the present global oil climate together with the peculiar challenges of the field is clearly no mean feat.”

A statement endorsed by its General Manager, Bolaji Musa, said the oil firm is a wholly owned Nigerian company and Operator of OML113. The other partners are: New Age Exploration Nigeria Limited, EER (Colobus) Nigeria Limited, Pan Petroleum (Panoro Energy) Aje Limited and PR Oil & Gas Nigeria Limited.

“After over 25 years of exploratory, appraisal and developmental activities, YFP has successfully pioneered the opening of the Frontier Benin Embayment. The Aje Field is the first field to record production from this part of Nigeria and is the first production outside of the Niger Delta.

“Commissioning of the Front Puffin FPSO was successfully completed after its arrival in Nigeria on 16th March 2016.
“We are very proud of and appreciative of the efforts, determination and commitment, of the entire Aje Project team past and present, the constant support from our regulators, the DPR and Ministry of Petroleum and our financiers. We believe this crucial support will spur us on to even greater achievements.

“The Aje 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,” YFP added.

Stelvin101:
I don't think it is wise of Buhari to use Military force. Dialogue and negotiation is always the best option for situation like this because these so called Avengers are not like Boko Haram who kill people mercilessly for fun, be it a Muslim or a Christian. I guess a Military man only knows how to use fight in handling every problem, we have not finish that of Boko Haram, Fulani herdsmen surface from no where and now this. God help Nigeria because I have a feeling this is exactly what the western world has been praying to happen. A devastated Nigeria

malton:
Because power plants use water for cooling.

malton:
No, It's gas-powered!

luvinhubby:
Governor Shettima of Borno state refused to call & inform the commander in chief of Chibok kidnap for political reasons best known to him but Gov. Ugwuanyi made a 3 hrs unseccessful attempt to get Buhari's attention to PREVENT the slaughter.

If your people called GEJ all kinds of unprintable names for not being able to RESCUE Chibok girls then Buhari deserves worse names for not being able to PREVENT the Nimbo massacre though he was informed as the commander in chief whose job it is to secure Nigerian lives.

luvinhubby:
I am tempted to call this Buhari man 'lanky old fool' but let me wait.

Could not deploy security in 8hrs to Uzo-Uwani to prevent Fulani herdsmen attack, but did that in 1hr to forestall reprisal attack from the youths.

Is Buhari not mad?

TheAgba:
When I get to heaven. By then you would be roasting in Hellfire.

...So you recognise me huh?

TheAgba:
Hmmm...I have been here on Nairaland with some monikers and now I'm here again.

Well...Johnydon22 awes me. There was a time I wished I had all the knowledge he has about religion (and also science) .

Plaetton ridicules theists a lot. Ifness, pegan9ja etc.

Folykaze was the first atheist I knew. I debated with him on 2go, then on Facebook and believe me...he is damn harsh with his job. Well,he created doubts in me. He posted a link from Nairaland on Facebook during one of our debates and that was how I got here.
And now, I have been changed. I was afraid, now I'm not. I'm not an atheist though, but I speak as one. I am a theist...Lols.

Anyway...I'm still learning.
I am afraid of segregation now in school and also those religious girls don't wanna date a guy who isn't religious. So this semester, I would try and go undercover. I need a bae and finding someone around you with same inclination is not easy to come by.

To conclude...if God asks who did this to me, I would call out Folykaze then all you unbelievers on NL.

9jatriot:
Saraki's new approach, buy the press to distort proceedings from the CCT with their own interpretation. Even if Saraki goes down, I am afraid to admit that he did put up a formidable fight mostly amoral but a fight all the same.

DONSMITH123:
The trial is ongoing but delayed for more than one hour. Umar apologised for coming late saying, “I’m sorry for coming late and by tomorrow, we will start by 10 o’clock.”

The Senate President, Bukola Saraki just arrived the Code of Conduct Tribunal, CCT, in company of just four Senators.

The Senators are Shaaba Lafiagi – Kwara North; Senator Kabiru Gaya – Kano; Senator Rafiu Ibrahim – Kwara South and one other Senator yet to be identified.
Saraki is currently standing trial for alleged false declaration of assets and other criminal charges which the Economic and Financial Crime Commission, EFCC, claimed was carried out while he was the Governor of Kwara State.

The Senate President had until now, enjoyed a large company of Senators who had been accompanying him to the tribunal in a bid to show their support.

DAILY POST has, however, noticed a significant reduction in the number of Senators that now accompanies Senator Saraki to the tribunal in the last two proceedings.

The drop in number became more noticeable yesterday when no fewer than 10 Senators where seen in the tribunal hall among whom was the Deputy Senate President, Ike Ekweremadu.

However, noticeable in today’s proceedings is the former Minister of the Niger Delta Affairs under the immediate past administration, Mr Godsday Peter Orubebe.

Details shortly…

Business Nigeria: South West Gets Lion Share of Fashola's 2016 Capital Projects


According to a report from Daily Trust, the South Western region of the country got the biggest attention from the Ministry of Power, Works and Housing.

The Southwest geo-political zone has got the largest share of N88.7 billion. The North-West has the second largest allocation of N30.1 billion; North-Central, N29 billion; South-South, N22.5 billion; South-East was allocated N2.9 billion; North-East has N9.4 billion. The Federal Capital Territory (FCT) Abuja brought up the rear with N926.7 million of the total sum.

http://www.nigerianbulletin.com/threads/nigeria-south-west-gets-lion-share-of-fasholas-2016-capital-projects-daily-trust.178559/

modath:
You should trust Nigerians nah, person wey wan "re-appeal" case wey supreme don rule before now. Where e dey happen..?

BTW, Kanu Agabi has arrived CCT...

They know they can no longer dodge, staying away didn't work..Judgement day don come...

Achuwa1:
Why are some NL mod always happi abt the downfall of certain ppl in the country,,
instead them to be tackling NLC & TUC abt not protesting the lingering fuel crisis for over 3 months now,but they busy promoting saraki's case.
my question is,,will saraki case stop the pending fuel crisis,will it reduce the high cost of commodity in the mkt,will it bring steady power supply,will it stop the hardship apc govt.is subjecting Nigerians to,etc.
who cares about saraki & co,,if he looses his case na 4 him head & if he wins his case same to him head..
lets be more concerned abt the poor masses than dis selfish politician coz non of them is ready to give up their wealth for me & u.
a word is enough for the wise.

SleekMallam:
If tinubu uses his advanced Yahoo Yahoo Oluyole methods to beat CCB, Nigeria Drug Law Enforcement Agency should round him up and question his history of distributing cocaine to our children.

Efcc should triangle him up for building 1km of road for 2 billion naira as governor of Lagos state. These politicians never really meant for the common masses. It's about time they are made to face justice.

HerexG:
Nigeria political system is such a joke, you are made a political scapegoat if you are not working in line with the ruling party.

So the political cowards are moved to join the ruling party for cover smh