Aje Wells at Full Completion, Rig Being Demobilised

The Saipem Scarabeo 3 was being demobilized from the Aje field, offshore Lagos Nigeria as of November 18, 2015. Partners on the Field Development have finalised completion of well operations on the field on the OML 113 license. “No safety related incidents have been reported”, remarks Panoro, a minority partner among the five equity holders involved on the field.

Companies involved in the project include Yinka Folawiyo Petroleum, 60%, New Age 11%, First Hydrocarbon Nigeria 9%, Equity Energy Resources(EER) 9%, Panoro Energy 6.5%.

They are looking forward to starting commercial production towards the end of January 2016, when the FPSO Front Puffin arrives Nigeria after its current modification at the Keppel Shipyard in Singapore. 10,000Barrels of Oil Per Day is expected to be produced at peak.

The Aje-4 well, which was previously drilled in 2008, was successfully completed as an oil production well, following the previously reported successful completion of the Aje-5 production well. Both wells have been perforated in the Cenomanian oil bearing zones with positive indications of well productivity based on the short flow-backs carried out during the completion programs. Subsea trees have been installed on both wells, and the wells are now suspended ready for connection to the oil production facilities, prior to commencement of production.


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