NIGERIAN INDEPENDENTS: UPSTREAM ACTI...

FOLAWIYO AND PARTNERS OML 113-AJE FIELD

Partners on the Aje are reprocessing seismic data for possible new

well drilling to increase production. They are having financial

challenges trying to improve the economic fortunes of the overall

project, including the oil uptake and the development of the gas

reservoirs. Basic running costs sweep off the entire income, so plans

for increasing the current average production is challenged as

bankability is difficult.