Search results for: Aje

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A list of search results

  • 8 October 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Panoro Energy ASA, together with the Joint Venture (“JV”) partners, has taken a Final Investment Decision (“FID”) to develop the Aje Cenomanian oil reservoir in the OML 113 licence in Nigeria. The Aje Field Development Plan (“FDP”) was submitted to Department of Petroleum Resources (“DPR”) earlier this year, and approval to develop Aje as proposed […]

  • 13 May 2014
    Business & Finance, Equipment, Operations & Maintenance

    Panoro has announced the completion of a 3D seismic survey over OML 113 license in Nigeria. The Polarcus vessel MV Polarcus Nadia started data acquisition on March 24, 2014 and completed shooting on May 9, 2014. The survey was acquired in conjunction with the neighbouring OPL 310 with Afren and covered an area of approximately 1045 km2 in the OML […]

  • 3 June 2008

    Talks have kicked about the commercial development of the deepwater Aje field off Nigeria after a four appraisal well confirmed oil and gas potential and hit pay in a deeper exploration target. Aje 4, drilled by the Transocean Pathfinder drillship operating in Nigeria’s OML 113 licence area in a water depth logged five separate payzones […]

  • 19 July 2016
    Infrastructure, Project & Tenders

    Panoro Energy has announced that the commissioning of the Front Puffin FPSO, on the Aje field offshore Nigeria, has now been completed, and the FPSO is on hire following the 72 hour test.  The FPSO arrived in Nigeria in March and first oil production from the Aje field started on May 3, 2016. The field, discovered […]

  • 30 March 2016

    MX Oil, an oil and gas exploration company, has informed that the sale of its 5% non-operated interest in the Aje Field, offshore Nigeria, has been delayed as the buyer is still gathering funds for the acquisition.  MX Oil agreed to sell its interest in the OML 113 licence offshore Nigeria, which includes the Aje Field, to GEC Petroleum […]

  • 13 July 2015
    Business & Finance

    MX Oil plc, an oil and gas investment company, has agreed to invest in an indirect, non-operated, 5% revenue interest in the OML 113 licence, offshore Nigeria, which includes the Aje Field, a development stage project with proven, flow tested discoveries where production is expected by January 2016. MX Oil said that this investment is […]

  • 22 October 2019
    Business & Finance, Infrastructure

    Panoro Energy is exiting Nigeria following an agreement to sell all of its interest in OML 113, offshore Nigeria, to PetroNor. On the other hand, PetroNor will take over a lead technical and management role for the project to progress it to the next phases.

  • 4 December 2015
    Operations & Maintenance, Project & Tenders

    Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Limited. The contract starts with immediate effect. Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria. The scope of work includes mooring buoy installation and hook up, flowline and umbilical […]

  • 26 February 2016

    MX Oil, an oil and gas investing company, has now agreed terms for the sale of its investment in the Aje field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC).  GPDC is a Nigerian company actively exploring and developing oil and gas resources in the Niger Delta and Anambra basins. GPDC operates two licences […]

  • 2 February 2016
    Business & Finance

    MX Oil, an oil and gas exploration company, has agreed to sell its interest in the OML 113 licence offshore Nigeria, which includes the Aje Field, to an unnamed buyer.  MX Oil previously received expressions of interest to acquire all or part of its Nigerian investment or to invest into the underlying asset directly alongside the […]

  • 18 June 2013

    Panoro Energy ASA has announced that its wholly owned subsidiary Pan-Petroleum Aje Limited, has entered into a Sale and Purchase Agreement with the Nigerian company Lekoil 113 Nigeria Limited (the “Buyer”) for the sale of Panoro’s 6.502% participating interest in the OML113 license offshore Nigeria for a consideration of US$30 million. Lekoil 113 Nigeria Limited is a subsidiary company of Lekoil […]

  • 14 March 2016
    Business & Finance

    MX Oil, a company involved in developing the Aje field, offshore Nigeria, has raised raised £2,500,000 before expenses via a placing of shares. The company placed 333,333,333 ordinary shares at a price of 0.75 pence per share together with the issue of 66,666,667 warrants over ordinary shares at 1 pence to the Company’s broker and […]

  • 16 October 2015
    Exploration & Production, Project & Tenders

    Panoro Energy ASA, an independent E&P company has announced that the Aje-5 production well located on the OML 113 license, offshore Nigeria, has been successfully completed, and the reservoir has been perforated in the Upper and Lower Cenomanian Oil-bearing zones. In an announcement on Friday, Panoro said that the subsea tree has been installed and the […]

  • 19 November 2015

    Panoro Energy, an independent exploration and production company, has narrowed its loss in the third quarter of 2015 when compared to the same period last year.  The total net loss in the third quarter of 2015 was $1.8 million, compared to a net loss of $2.2 million in the corresponding period last year. The company’s EBIT […]

  • 2 December 2016

    London-based independent E&P company Panoro Energy is currently in disagreement with its joint venture partners in OML 113 license off Nigeria, which contains the Aje field. The company intends to initiate arbitration and legal proceedings ‘to protect its interests.’ The company, through its fully owned subsidiary, Pan Petroleum Aje Limited (PPAL), holds 6.502% participation interest […]

  • 23 January 2020

    ADM Energy, an oil and gas investing company formerly known as MX Oil, is preparing to expand its portfolio of assets in Nigeria and West Africa.

  • 24 February 2020
    Business & Finance

    ADM Energy, an oil and gas investing company, has made an agreement to acquire a further interest in OML 113, located offshore Nigeria, from EER.

  • 16 January 2012
    Business & Finance

    Jacka Resources Limited  has closed the transaction with Providence Resources Pic (“Providence”) for the acquisition of a direct equity interest in the OML 113 licence offshore Nigeria, which includes the Aje oil and gas field. Jacka has made the required US$10 million payment (including deposit of US$1 million) representing the first tranche instalment required under […]

  • 5 December 2016

    Panoro Energy has initiated legal proceedings and intends to initiate arbitration following a disagreement with its joint venture partners in license OML 113 off Nigeria, which contains the Aje field, regarding a cash call default notice.  On December 2, 2016, Panoro informed of its intention to initiate arbitration and legal proceedings against its joint venture partners in OML […]

  • 16 September 2013

    Lekoil today announced it has made a payment of $3 million as part of the previously announced deal under which, Lekoil will buy of a 6.502 per cent participating interest in OML113 offshore Nigeria for a consideration of US$30 million. Lekoil and Panoro have agreed that the Company will fund the escrow with the balance of the […]

  • 12 April 2012
    Business & Finance

    Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, has confirmed that it has received the final US$ 6 million tranche payment from Jacka Resources Limited, an ASX-listed company, for the sale of its Nigerian interest, OML 113 which includes the Aje oil and gas field. Under […]

  • 12 June 2013
    Business & Finance

    Panoro Energy ASA’s has agreed in principle the terms of sale with an undisclosed buyer for its 6.502 % participating interest in the OML 113 license offshore Nigeria, which includes the Aje field, for a total consideration of USD 30 million saction to be paid in cash upon closing. Execution of the agreement will take place subject to waiver of pre-emption […]