An oil firm, Yinka Folawiyo
Petroleum Company Limited (YFP), has started the production of crude oil from
its Aje Field located in Block OML 113, offshore Lagos.
The firm said 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 barrels.
Aje is an offshore field located in OML
113 in the Dahomey Basin in the Southwest. The field is situated in water
depths ranging from 100 to 1,000 metres, about 24 km from the coast.
Chairman of YFP, Tunde Folawiyo said: “The
attainment of this milestone is indeed a laudable achievement not just for YFP
but for the Nigerian oil and gas industry as a whole and indeed Lagos State
which can now be addressed as an oil producing state. Recording this
achievement in the present global oil climate together with the peculiar
challenges of the field is clearly no mean feat.”
“After over 25 years of exploratory,
appraisal and developmental activities, YFP has successfully pioneered the
opening of the Frontier Benin Embayment. The Aje Field is the first field to
record production from this part of Nigeria and is the first production outside
of the Niger Delta."
“Commissioning of the Front Puffin FPSO
was successfully completed after its arrival in Nigeria on 16th March 2016."
“We are very proud of and appreciative of
the efforts, determination and commitment, of the entire Aje Project team past
and present, the constant support from our regulators, the DPR and Ministry of
Petroleum and our financiers. We believe this crucial support will spur us on
to even greater achievements."
No comments:
Post a Comment