.To focus more on gas export, LPG
. Field contains 480 BCF of gas
.54 MMbbls oil, condensate
Four years after the prolific oil and gas Aje Field was shut down for production, a fresh Final Investment Decision (FID) is being considered for next year by the partners, with more focus on gas and condensate production, ENERGY TIMES can report authoritatively.
Located in Lagos on Oil Mining Lease (OML) 113, the oil field was discovered after the drilling of the Aje-1 well in 1996.
It covers 835 km² with water depths ranging from 100 metres to 1,500 metres. Five wells have been drilled; oil has been produced from Turonian and Cenomanian age reservoirs until production was suspended in November 2021.
Overlying the Turonian oil rim is a significant gas condensate discovery which has not been developed.
The Aje Field is estimated to contain recoverable resources of 480 billion cubic feet (BCF) of gas, 54 MMbbls oil, condensate and liquefied petroleum gas (LPG).
The current project focus is to refine inputs to the field development plan with the results of soon to be completed depth mapping of the gas condensate and underlying oil reservoirs.
In addition, an environmental and social impact assessment is being conducted which will influence the final development plan.
According to sources, the redevelopment of the Aje Field involves field development activities.
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