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OML 113 (formerly OPL 309)

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Owner: Yinka Folawiyo

Shore Type: offshore

Block Rights: OML

The Aje field, which forms part of the OML 113 block (originally OPL 390), is located in the Benin Basin in the offshore waters of western Nigeria. The Aje field is located 24km from the coast of Nigeria and 64km from Lagos, with water depth varying from 99m to 1500m. The license covers an area of c.835km2 from continental shelf to deep water. The most recent Aje-4 well was drilled in 300m of water. The Aje field is close to the West African Gas Pipeline (WAGP), which passes through OML 113 and is approximately 12km from the Aje field.

Working Interests

*Yinka Folawiyo | 60.000%

Vitol | 12.831%

First Hydrocarbon (FHN) | 9.000%

Energy Equity Resources (EER) | 9.000%

Panoro Energy | 6.502%

Jacka Resources | 2.667%

Oil Fields

Field Name

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Aje

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Updates

3D Seismic on OPL 310 and OML 113

1st March, 2014

hexgear

In parallel with the seismic programme at OPL 310, Afren has commenced an extensive 2,716 km≤ 3D seismic across the two licence areas to better define prospectivity in both licences and in particular the full extent of the syn rift structure encountered at the Ogo discovery. The seismic programme will also assist in the future development of OML 113.

Source: http://www.afren.com/operations/nigeria/oml_113/

EER Partners with FHN to Acquire Chevron

12th March, 2013

hexgear

EER, through its wholly owned subsidiary EER Colobus, has partnered with FHN (a subsidiary of Afren plc) to acquire Chevronís 18% participating interest in the block. EER and FHN are each entitled to a participating interest of 9%.

Source: http://www.thenigerianvoice.com/news/109725/2/chev...

OPL 113 Granted to Yinka Folawiyo Petroleum

11th June, 1998

hexgear

Following the successful discovery of the Aje field, OPL 309 was converted to OML 113 on June 11, 1998 with a term of 20 years.

Source: http://www.thisdaylive.com/articles/of-nigeria-s-o...

OPL 309 Granted to Yinka Folawiyo Petroleum

1st January, 1991

hexgear

Oil Prospecting Licence 309 awarded to Yinka Folawiyo Petroleum Company in 1991 to encourage the growth of the Nigerian oil industry. YFP has as directors S. T. Folawiyo, T.B Folawiyo with W. I. Folawiyo as chairman.

Source: http://www.punchng.com/news/lagos-oilfield-to-star...

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