Aje Oil Field, OML 113, Records 26% Output Decline
Crude oil production from Aje field, offshore Lagos on OML 113, operated by Yinka Folawiyo Petroleum Company Limited, fell to 890,203 barrels last year from 1.2 million barrels in 2018, one of the joint venture partners, ADM Energy, has said.
Aje field partners include Pan Petroleum Aje Limited, New Age Exploration Nigeria Limited, EER (Colobus) Nigeria Limited and ADM Energy.
Department of Petroleum Resources (DPR) said the field produced 912,870 barrels in 2017, down from 988,806 barrels in 2016. First oil was achieved in the Aje field in May 2016, 20 years after it was discovered, making Lagos a quasi oil-producing state.
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