Lagos State is set to join the league of oil
producing states in the country come next year
as the joint venture partners on the Aje Field
offshore Lagos have taken the final investment
decision on the exploration of the field.
A group led by Yinka Folawiyo Petroleum
Company Limited took the FID to develop the
first phase of the Aje shallow water oil field for
$220m.
The aim of the first phase is to produce 10,000
barrels per day of oil from two target wells in the
Oil Mining Lease 113 area. A re-entry of Aje-4
will form the first producer, while drilling of
Aje-5 is expected to be the second.
The plans include the use of Rubicon’s Front
Puffin floating production, storage and
offloading vessel, which produced oil from the
Puffin field in the Timor Sea. The vessel will be
brought up to specification soon, while the
procurement of subsea equipment and the
contracting of a drilling rig are progressing.
The Aje field’s first stage is scheduled to be
brought on stream at the end of 2015.
“We believe that this development is good for
Nigeria generally because our reserves base has
not increased over the years as expected,
because the international oil companies are not
ready to invest since the Petroleum Industry Bill
has not been passed,” an elated Commissioner
for Energy and Mineral Resources, Lagos State,
Mr. Taofiq Tijani, told our correspondent.
Yinka Folawiyo is the operator with 25 per cent
interest in the field. The partners are Vitol, 24.05
per cent; First Hydrocarbons Nigeria Limited,
16.875 per cent; Energy Equity Resources
Limited, 16.875 per cent; Panoro Energy ASA,
12.19 per cent; and Jacka Resources Limited,
five per cent.
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.
The FDP envisages first oil commencing in late
2015 with mid-case reserves of 32.4 million
barrels.
The first phase of development includes two
subsea production wells tied back to a leased
FPSO. These wells will most likely comprise the
re-completion of the existing Aje-4 well and a
new well drilled close to the Aje-2 subsurface
location.
In addition, further potential on the block is
being defined following the 3D seismic
acquisition across both OPL 310 and OML 113.
Lagos State had last year established its oil and
gas company following the passage of a bill that
sought to establish the Ibile Oil and Gas
Corporation.
The bill was to authorise the state government to
invest and engage in oil and gas activities.

Dos rat wey dey always mk "GEJ till buhari goes to school" has there everyday anthem will nt hv a gud day since yesterday.any way sha poison is allow or go hang tranformer till ur generation goes to school,Bleep u all haters Dos rat wey dey always mk "GEJ till buhari goes to school" has there everyday anthem will nt hv a gud day since yesterday.any way sha poison is allow or go hang tranformer till ur generation goes to school,Bleep u all haters

GEj supporter will soon commit suicide,victory is certain.

Chiiiisos d tin wey e 4 tk am do suya
;DChiiiisos d tin wey e 4 tk am do suya

I want to see there dead bodies plss.just skin them alive nd let them go and dis virgin there girls

khenykhey:


Hv u gotten ur form?

Nope

08061326852

pls when will unaab pre degree admission list will b out

pls am having problem with my pre degree form after i hv payed ten thousand into there account,it tells me that unknown refrence number

pls much is the cambridge a level school fee

which is beta among cambridge A level and p.d

is it over 100 or over 50 cos i score 20 percent , pls i need urgent answer

Pls how many years course is mechanical engineer in funaab.

Tonto is a coward

Can a navy commision there recruit officer after serving them 4 so long. If not recruit shuld pack well Can a navy commision there recruit officer after serving them 4 so long. If not recruit shuld pack well

Pls hw many studen does unaab choose every year

well u hv spoken the thruth bt God knows our destiny than us.

NN na 4k up oo,they can neva release anoda list,4 we dat our name is nt shortlisted god will gv us a profitable job nt navy recruit wey u will serve as a secuirity to ur oga wey u senior far far 4 age o and ur highest rank is warrant officer and a lot of stress through out ur serving time NN na 4k up oo,they can neva release anoda list,4 we dat our name is nt shortlisted god will gv us a profitable job nt navy recruit wey u will serve as a secuirity to ur oga wey u senior far far 4 age o and ur highest rank is warrant officer and a lot of stress through out ur serving time

God help me dis year i don collect d 4m again o.