A Nigerian firm has said it has started oil production from an offshore field in the commercial city of Lagos, the first output outside the country’s oil hub in the Niger delta.
“Yinka Folawiyo Petroleum Co. Ltd (YFP) is pleased to announce that it has commenced production of crude oil from its Aje field located in block OML 113 offshore Lagos,” it said late Tuesday. YFP did not disclose the volume of current output from the field but said the company has capacity to produce 40,000 barrels per day. “Oil produced from the Aje field will be stored on the Front Puffin which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels,” it added in a statement. Production began after more than 25 years of exploratory, appraisal and developmental activities in the field, making Lagos — Nigeria’s commercial capital — an oil-producing state.
Nigeria’s oil and gas industry is concentrated in the southern delta states but the region has been dogged by unrest and disruption from militants demanding a fairer share of revenue.
Pipeline attacks and illegal refining or “bunkering” as it is called locally have hit output, which is currently estimated at about 1.8 million barrels a day, according to OPEC. Nigeria is reliant on oil revenue for its economy but crude earnings have been depleted drastically since the slump in global prices that started in mid-2014.
Vanguard cullage
Wow*great news* dancing shakatibobo..lol
ReplyDelete918 comment 2016
Great news but the oil since the oil is offshore it belongs to the Federal government not Lagos state
Delete**runsawaybeforelagosiansstoneme**
Hahahahahahahahahahahaha...
Hope militants no go face this side
Delete*msFerragamo
Lol....lagosians will think this is good news until the first oil spill where you cant drink your water anymore
DeleteThis is good news
ReplyDeleteGood News
ReplyDelete*Larry was here*
Ok
ReplyDeleteLets see how it goes. anyway goodluck to Lagosians
ReplyDeleteGood
ReplyDeleteNice
ReplyDeleteVery good. We need more of this so ties can be cut off from Niger Delta
ReplyDeleterily? but the crude oil, dat is the raw material needed for the production of this petroleum is gotten from the Niger delta u want to cut ties frm. Idiot!
Deletelike it or not, Nigeia needs Niger Delta, it is the heart of Nigeria's economy. y do u tink the economy depreciated drastically after the fall in the prices of crude oil? Please o, F.G, legalise private ownership of natural resources o... so Niger Delta can cut ties wit the rest of Nigeria-terrorist hausa's and dirty yoruba's
DeleteDis is good news buh we need to beef up security in lag. I cant shout.
ReplyDelete#yourcommentswillbevisiblenow
Exactly!
DeleteI hope
ReplyDeleteLets see how long it will last.
ReplyDeleteIsn't this part of Apostle Suleiman's 2016 prophecy? hmmmmmmmmn...
ReplyDeleteGreat!!!
Yinka folawiyo is downstream na
ReplyDeleteEven their tankfarm in Apapa is dead
They share their building with a hospital infact
I DON'T BELIEVE THIS STORY
Can somebody shout seven robust hallelujah. Hallelu Hallelu Hallelu Hallelu Hallelu Hallelu HALLELUYAH
ReplyDeleteInteresting. There should come and explore the north too, maybe when oil is found the northerners will stop becoming power hungry.
ReplyDeleteGood to know
ReplyDeleteAfter stealing Niger delta oil,they now claim they have discovered oil,stolen oil is what they are drilling that way Niger delta will feel they now have competition and relax,they will then continue to steal from SS without questioning.propaganda of the highest order.
ReplyDeleteWOW!!! This is really a great news.
ReplyDelete