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Business / Lagos To Join Oil Producing State By 2015 by swagaking(m): 9:39pm On Apr 16, 2015 |
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.
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Food / Re: We're Celebrating! by swagaking(m): 8:59pm On Apr 01, 2015 |
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 |
Politics / Re: Apc Presidential Candidate With Apc National Chairman Watching The Announcement by swagaking(m): 3:44pm On Mar 31, 2015 |
GEj supporter will soon commit suicide,victory is certain. |
Crime / Re: Woman Cuts Off Husbands JT In Ondo by swagaking(m): 12:27pm On Mar 10, 2015 |
Chiiiisos d tin wey e 4 tk am do suya ;DChiiiisos d tin wey e 4 tk am do suya |
Crime / Re: Faces Of Evil! See Boko Haram Members Captured In Chad by swagaking(m): 7:15pm On Feb 25, 2015 |
I want to see there dead bodies plss.just skin them alive nd let them go and dis virgin there girls |
Education / Re: Funaab 2014/2015 Jupeb Programme Aspirant Let's Meet Here. by swagaking(m): 12:22pm On Feb 12, 2015 |
khenykhey: Nope |
Education / Re: Funaab 2014/2015 Jupeb Programme Aspirant Let's Meet Here. by swagaking(m): 8:20am On Jan 09, 2015 |
08061326852 |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 2:53pm On Nov 07, 2013 |
pls when will unaab pre degree admission list will b out |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 12:25pm On Oct 02, 2013 |
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 |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 9:31am On Sep 12, 2013 |
pls much is the cambridge a level school fee |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 3:18pm On Sep 09, 2013 |
which is beta among cambridge A level and p.d |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 2:40pm On Sep 09, 2013 |
is it over 100 or over 50 cos i score 20 percent , pls i need urgent answer |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 8:37am On Jul 27, 2013 |
Pls how many years course is mechanical engineer in funaab. |
Celebrities / Re: Mercy Johnson Replies Tonto Dikeh’s Twitter Diss by swagaking(m): 6:02pm On Jul 11, 2013 |
Tonto is a coward |
Jobs/Vacancies / Re: The Nigerian Navy Screening List (NNBTS Training) Batch-23/24 by swagaking(m): 12:52pm On Jul 06, 2013 |
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 |
Education / Re: Federal University Of Agriculture, Abeokuta Aka FUNAAB 2013/2014 Admissions by swagaking(m): 12:49pm On Jul 06, 2013 |
Pls hw many studen does unaab choose every year |
Jobs/Vacancies / Re: The Nigerian Navy Screening List (NNBTS Training) Batch-23/24 by swagaking(m): 10:25pm On Apr 12, 2013 |
well u hv spoken the thruth bt God knows our destiny than us. |
Jobs/Vacancies / Re: The Nigerian Navy Screening List (NNBTS Training) Batch-23/24 by swagaking(m): 3:49pm On Apr 12, 2013 |
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 |
Jobs/Vacancies / Re: The Nigerian Navy Recruitment Result (NNBTS BATCH 21) by swagaking(m): 9:22pm On Oct 31, 2012 |
God help me dis year i don collect d 4m again o. |
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