The first crude oil output outside Nigeria’s oil hub in the Niger delta has started in Lagos.
A Nigerian firm, Yinka Folawiyo Petroleum Co. Ltd (YFP) disclosed this in a statement on Tuesday but did not state th volume of production. It however said it had capacity to produce 40,000 barrels per day.
The statement read:
“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.
“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”.
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.