Yinka Folawiyo Petroleum Company YFP, operators of the Aje field located in Oil Mining Lease 113 on Tuesday announced the commencement of production of crude oil from the field.
The Aje discovery lies 25 km from the coast in western Nigeria, on the border with Benin. It is situated 64 km from Lagos and close to the West Africa Gas Pipeline (12 km away). It is located in the Dahomey Embayment of South-Western Nigeria, which is the eastern end of the Cretaceous Benin Basin of West Africa. Water depth across the field ranges from 99 metres to over 1,500 metres.
According to PUNCH, YFP said that Oil produced from the Aje field will be stored on the Front Puffin Floating Production, Storage and Offloading vessel, which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels.