Aje is a producing conventional oil field located in deepwater in Nigeria and is operated by Yinka Folawiyo Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 113 (OPL 309), with water depth of 3,280 feet. Buy the profile here.
Two expansion projects are associated with the Aje conventional oil field, namely the Aje Phase 2 and the Aje Phase 3. The expansion projects are currently in the approval stage.
Field participation details
The field is owned by ADM Energy, Energy Equity Resources, New Age (African Global Energy), PetroNor E&P and Yinka Folawiyo Petroleum.
Production from Aje
The Aje conventional oil field recovered 6.49% of its total recoverable reserves, with peak production expected in 2025. The peak production will approximately 6.29 thousand bpd of crude oil and condensate, 96.00 Mmcfd of natural gas and 4.67 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 136.87 Mmboe, comprised of 21.27 Mmbbl of crude oil & condensate, 523.11 bcf of natural gas reserves and 28.41 Mmbbl of natural gas liquid reserves. Aje conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
For more details on the Aje Conventional Oil Field, buy the profile here.