Nigeria starts crude oil production in Lagos

A Nigerian firm has said it has started oil production from an offshore field in the commercial city of Lagos, the first output outside the country’s oil hub in the Niger delta.

“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,” it said late Tuesday.

YFP did not disclose the volume of current output from the field but said the company has capacity to produce 40,000 barrels per day.

“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,” it added in a statement.

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.

Nigeria’s oil and gas industry is concentrated in the southern delta states but the region has been dogged by unrest and disruption from militants demanding a fairer share of revenue.

Pipeline attacks and illegal refining or “bunkering” as it is called locally have hit output, which is currently estimated at about 1.8 million barrels a day, according to OPEC.

Nigeria is reliant on oil revenue for its economy but crude earnings have been depleted drastically since the slump in global prices that started in mid-2014.

Comments

Nigerian Army Intercepts 37 Wives And Children Of Boko Haram Terrorists

The Nigerian army said on Wednesday, that it had intercepted 37 people 37 people , who were suspected to be wives and children of the boko haram terrorists. The army spokesman, Brig.-Gen. Sani Usman, said in a statement that 30 of the escapees, which comprises of eight women and 22 children, were intercepted on Tuesday at Gujba Local Government Area of Yobe. He said; “On preliminary interrogation, the suspects claimed to have escaped from Boko Haram terrorists’ custody at Kafa and Abagajiri villages in Damboa Local Government Area of Borno,’’ The army spokesman added that seven other people were intercepted on Tuesday, at Kamunya, Yobe state. “They claimed that they escaped from Boko Haram terrorists’ hideout at Goropcha village, Damboa Local Government Area of Borno. “Both sets of escapees are currently being screened and profiled,’’ he said.

Nigerian scholars sponsored by Lagos State Gov. arrive Finland for visit. Photo

A group of Nigerian youngsters sponsored by Lagos State Government and their coordinator, Professor Kolawole Raheem, were Thursday, received by head of unit; Ministry for Foreign Affairs, Mr. Hannu Heinonen, at Finland. The participants, whose trip was funded by Lagos State Ministry of Education, were chosen based on their outstanding performance in school. The visit, however aims at enabling the youngsters have an experience of how the Finnish society works and to offer them the possibility of bringing positive examples back to Nigeria. The participants were especially interested in matters related to environment and construction, as well as the Finnish social security and education systems. These visits that have already become somewhat of a tradition are envisaged to continue in the coming years.

Photos: What Juliet Ibrahim wore to the #AMVCA2017 nominees announcement

Juliet Ibrahim donned this beyond-alluring asymmetric dress by @afifimmacouture to the 5th Annual AMVCA 2017 Nominees announcement. The outfit which accentuated her famous curves was perfectly matched with her braids in an elegant bun style and her face beat to perfection by @shogemakeovers . More photos after the cut... Credit Makeup @shogemakeovers Dress: @afifimmacouture

ELVIS BLOG

Search This Blog