July 21, 2018

Lagos to join the ranks of oil producing states

Lagos to join the ranks of oil producing states

The possibility of first oil from the Aje shallow-water field offshore Lagos this year has received a significant boost with the commencement of drilling on the Aje-5 production well on the Oil Mining Licence 113.

The Aje-5 well is part of the first phase of a two-phase development plan for the field.

The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig, Panoro Energy, one of the joint partners involved in the Aje field development, said in a statement on Monday. Read more

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