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The natural resources investment company MX Oil on Wednesday announced that it has received its first income from the Aje Field on OML 113 in Nigeria.
The first production of oil from the field has been sold for $1.2million, the company said.
OML 113 encompasses an area of 835 km² offshore Nigeria close to the Benin border. It holds the Aje field and several other exploration prospects.
The Aje field was discovered in 1997 and has multiple oil and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones comparable to the Jubilee field, offshore Ghana. Five wells have so far been drilled on Aje.
“We are very pleased to announce that the first oil production from the Aje Field has been sold and that we have now received our first income from our investment in OML 113,” MX chief executive Stefan Oliver told Energy Voice.
The first production of oil from the field has been sold for $1.2million, the company said.
OML 113 encompasses an area of 835 km² offshore Nigeria close to the Benin border. It holds the Aje field and several other exploration prospects.
The Aje field was discovered in 1997 and has multiple oil and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones comparable to the Jubilee field, offshore Ghana. Five wells have so far been drilled on Aje.
“We are very pleased to announce that the first oil production from the Aje Field has been sold and that we have now received our first income from our investment in OML 113,” MX chief executive Stefan Oliver told Energy Voice.
