“No Cash Call Now” -AJE Field Is Heavily Constrained By Low Production - Africa’s premier report on the oil, gas and energy landscape.

“No Cash Call Now” -AJE Field Is Heavily Constrained By Low Production

By Prospect Mojido, in Badagry

Partners on the Aje Field in Oil Mining Lease (OML) 113 offshore Nigeria are having financial challenges trying to improve the economic fortunes of the overall project, including the oil uptake and the development of the gas reservoirs.

Basic running costs sweep off the entire income, so plans for increasing the current average production is challenged, as bankability is difficult. “We are not contributing cash call really; revenue is used to keep production going”, says one of the partners who would rather keep his name out.

The field, planned to deliver 10,000BOPD of crude for at least the first three years has been doing 3,000 BOPD, as the crucial Aje-5 well failed to deliver.

The consortium partners are currently reprocessing three dimensional seismic data to see if new interpretation can lead to two new wells.

How about the gas development?  “It would cost $250Million to fund the gas project, so it is not a priority”, the source says. This piece has been earlier published in the February 2019 edition of Africa Oil+Gas Report, released four weeks ago.


Share Article



  1. Fine way of explaining, and good post to take data concerning my presentation topic,
    which i am going to deliver in university.

    • cyril AMOSU says:

      When will the Aje field begin employmeny. Is the government away of the extent where oil development has gotten to?

  2. Online stock market courses will make you stronger for handling adverse situations without facing any loss. You must verify trades and review statements before you begin investing. Excel Strategies Online trading Institute can be pretty helpful regarding that. so, Take a moment to look around, and contact us directly to learn more.

  3. excel ssc5 says:

    Welcome to Excel SSC, the Best SSC Coaching Institute in Delhi. As an aspiring SSC candidate, you should aim to take admission to a reputed coaching institute that keeps you right on track with your preparations. Excel SSC is one of the best-reputed coaching in Delhi. join us today and crack the written exam and Interview.

Leave a comment

Comment form

All fields marked (*) are required

© 2024 Festac News Press Ltd..