Lagos-based Yinka Folawiyo and its partners in the Aje field off Nigeria have decided to push ahead with the next phase of the project that will see oil production rise rapidly, writes Barry Morgan.
London-listed junior ADM Energy — which has a minority stake in OML 113 where Aje is located — said the partners have concluded technical work to support a decision to proceed with phase two, targeting gross output of up to 12,000 barrels per day.
