Petroleum Africa
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Wednesday, February 7, 2018
MX Oil updated activities relating to the Aje field on Nigeria’s OML 113. The company said that as part of the oil production process, a significant quantity of new data about the underlying reservoir and related geology has been collected.
Consequently, the partners in the license have decided that it is now the appropriate time to commission the preparation of an updated CPR to consider this new data and to provide a more accurate update of the future potential of the field.
The company expects the CPR to be completed in March 2018 and will provide a further update once it becomes available.
Stefan Oliver, CEO said, “We now have a very significant amount of data as a result of the recent production history of the Aje Field. Now is therefore the right time for the CPR to be updated to provide a more accurate and meaningful view of the field’s potential. I very much look forward to providing an update to the market once this report has been completed.”
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