Lagos Joins List of Oil Producing States

Nigeria’s commercial capital, Lagos State has joined the list of Oil producing States after 25 years of exploration.

Lagos joins the growing list of oil producing states as Aje field begins production.

According to Punch newspaper, 20 years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in Nigeria.

Yinka Folawiyo Petroleum Company Ltd, a wholly-owned indigenous firm and operator of the OML 113 offshore Lagos yesterday, announced the commencement of production of crude oil from the field.

Other partners to of the firm are New Age Exploration Nig. Ltd, EER (Colobus) Nig. Ltd, Pan Petroleum (Panoro Energy) Aje Ltd and PR Oil & Gas Nig. Ltd.

Aje field is the first to record production outside the Niger Delta. 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.

Source – The Punch