Project Profile
Value: US$1,200 million
Location: 24 km from the coast of Nigeria and 64 km from Lagos
Water depth: 1,000 metres
Reserves: 14.2 bcm (500bcf)
Start-up year: 2016 (Aje 4 well)
The project will see the construction of a possible GTL barge concept project. The partner companies are prepared to undertake the development of an integrated crude oil, condensate, and GTL project in the Aje Field, subject to the successful drilling of one or more appraisal wells in the field. There have been two tested wells were drilled on Aje in 1996-1997 from a surface location in 91m of water. The Aje discovery is predominantly a gas discovery with significant condensate but also contains a separate oil leg.
There is an agreement between Jacka Resources and MX Oil under which ownership of Jacka\'s wholly owned licence-holding subsidiary would transfer to MXO upon commencement of commercial production. MXO has now taken full control of the licence-holding subsidiary. (August, 2016)
Operators:
Yinka Folawiyo Petroleum Company Ltd. (YFP): Operator with 60% interest
Joint Venture between the following companies: the remaining 40% interest
MX Oil: 5% interest
Jacka Resources
Vitol Exploration Nigeria Limited
Chevron Nigeria Deepwater H Ltd.: Technical advisor
Panoro Energy: 6.502% interest
Energy Equity Resources
Contractors:
AMEC: Preliminary studies
Alliance Engineering (Wood Group): FEED - Topsides for FPSO
Applied Drilling Technology Inc (ADTI): LSTK to drill the Aje-3 well
Bluewater Energy Services BV: Pre FEED – GTL FPSO
Technip: Pre-FEED - Oil FPSO
AGR TRACS International Limited: Independent competent persons’ report on the Aje field
Saipem: Rig contract for the Scarabeo 3 drilling rig to carry out the drilling and completion programme for the Aje Field Cenomanian oil development. The Scarabeo 3 rig is a semi-submersible rig currently stationed offshore Lagos. The rig will be moved 18 nautical miles to the Aje drilling location and will be used to carry out well operations for the first phase of the Aje Cenomanian Oil field development that includes two subsea production wells.
Ocean Installer: Contract for field development work. Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria. The scope of work includes mooring buoy installation and hook up, flowline and umbilical installation. (December 2015)