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First oil at Aje Field

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Oilfield Technology,

Panoro Energy ASA has announced that the first oil production from the Aje field, offshore Lagos, commenced on 3 May 2016.

Subsea installation activities had 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 the 16 of March.

Oil produced from the Aje field will be stored on the Front Puffin which has production capacity of 40 000 bbls of oil per day and storage capacity of 750 000 bbls.

Flow rates will be provided in Panoro’s next operations update, following a period of commissioning and well stabilisation.

Panoro’s Chief Executive Officer, 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.”

Aje is an offshore field located in OML 113 in the western part of Nigeria in the Dahomey Basin. The field is situated in water depths ranging from 100 to 1000 m about 24 km from the coast.

Edited from press release by

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