Aje One Step Closer to First Oil

Panoro Energy revealed Thursday that the Aje field offshore Nigeria is one step closer to achieving first oil, following the completion of work on the asset’s FPSO.

The vessel is expected to arrive in Nigeria mid-March 2016, following a brief stop in Cape Town. Once the FPSO arrives in Nigeria it will be hooked-up to the mooring system and risers and a short test of the production systems will be conducted. Anchor handling operations at the Aje field started in January and will continue until mid-February, when subsea equipment including the manifold and flowlines will also be installed.

Panoro’s Chief Executive Officer, John Hamilton, said in a company statement:

“We are excited to be approaching first oil at Aje, offshore Nigeria. Significant operational and contractual progress has been made on the final phase of field development. With the drilling phase now concluded, the installation work and the arrival of the FPSO are the main remaining work streams. The field is expected to be producing by the end of March 2016.”

Panoro holds a 6.502 percent interest in the field. Its partners are Yinka Folawiyo Petroleum, New Age, Energy Equity Resources and Jacka Resources.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Sparrows Group Teams in Australia to D... (Mar 28)
 -  INPEX to Reorganize Natural Gas Busine... (Mar 28)
 -  Scottish Offshore Service Provider Pra... (Mar 28)
 -  Canada First Nation Makes History with... (Mar 28)
 -  GLA is 'Single Accumulation', Largest ... (Mar 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Coil Tubing Operator
Expertise: Fracturing
Location: Midland, TX
 
Service Supervisor
Expertise: Fracturing
Location: Oklahoma City, OK
 
Frac Equipment Operator
Expertise: Fracturing
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours