Petroleum Africa
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Thursday, May 5, 2016
Yinka Folawiyo Petroleum Co. and Panoro Energy saw first oil production from the Aje field on OML 113 offshore Nigeria. Yinka Folawiyo, operator of OML 113, commenced first production on May 3.
Subsea installation activities have been underway at Aje since January and were completed in early March ready for the hook-up of the Front Puffin FPSO, which arrived in Nigeria on March 16.
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. Flow rates will be provided in Panoro’s next operations update, following a period of commissioning and well stabilization.
Panoro’s CEO, John Hamilton, said: “We are extremely pleased to announce the start of first oil production at Aje. This is a transformational milestone for Panoro and represents a great achievement by the Aje project teams. It is also a key building block in our strategy to become a full cycle E&P company focused on West Africa. The commencement of production at Aje is also significant for Nigeria as it is the first commercial production for the country in the emerging Dahomey Basin.”
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