LAGOS State may join the league of oil producing states in the country by next year, with the expected commencement of production from the Aje oil field, offshore Badagry.
Specifically, the Yinka Folawiyo-led joint venture has completed development-planning studies of the Aje oil field and planned to proceed with field start-up arrangements immediately.
The partners said the Final Investment Decision (FID) are expected in the near future with first production expected at the end of 2015.
The Field Development Plan (FDP), which was approved by the Nigerian Department of Petroleum Resources (DPR) early this year, is primarily focused on the Cenomanian oil development.
https://ngrguardiannews.com/business/176610-lagos-may-emerge-oil-producing-state-next-year
