THAT Lagos State is on the verge of becoming a member of Nigeria's oil producing states by 2015 is good news. The state's government has been undoubtedly progressive and visionary, hence the enabling environment it has created to make this possible is hardly surprising. This new-found status, therefore, is now a clarion call on other states to rise up to the current economic challenges, think and act positively in the larger interests of the people.
According to reports, the joint venture partners on the Aje Field, offshore Lagos have taken the final investment decision on the exploration of the field. The first phase which is scheduled to be brought on stream by end of 2015 is targeting 10,000 barrels per day of oil from two target wells in the Oil Mining Lease 113 area. A re-entry of Aje-4 will form the first production, while drilling of Aje-5 is expected to be the second. The plans include the use of Rubicon's Front Puffin floating production, storage and offloading vessel, which produced oil from the Puffin field in the Timor Sea.
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