Nigeria begins crude oil production in Lagos

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Yinka Folawiyo Petroleum Co. Ltd, a Nigerian firm, announced late Tuesday that it had commenced crude oil production from its Aje field located in block OML 113 offshore Lagos.

The company claim that it has the capacity to produce 40,000 barrels per day and that oil produced would be stored on the Front Puffin with a storage capacity of 750,000 barrels.

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.

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