Hi WB here is some info on Aje. JKA have paid $US15m to have 5%...

Hi WB
here is some info on Aje.

JKA have paid $US15m to have 5% of a 'commercial'oil field that will give significant cash flow. They will have to contribute 6% of development costs which i guess to be ultimately about $200m-250m

"Aje flowed at the rate of 60.2 million standard cubic feet of gas a day (mmscfd), 1,729 barrels of condensate a day (bcpd) and 2,389 barrels of oil a day (bpd). Aje is primarily a gas condensate field formed in a four-way dip closure trap.
Gross contingent resources of the Aje field are estimated at 380 million boe. Of this 28% is oil / condensate, 20% is LPG and 52% is gas."

Field development
The field is planned to be developed as a subsea tie back to a floating, production, storage and offloading (FPSO) vessel.

The Aje gas and condensate field lies in Oil Mining Lease 113 (OML 113) in the Benin Basin.The Aje-1, Aje-2 and Aje-4 wells will be completed as producers.

A total of six producers are planned for the field. They will be connected to subsea wellheads and associated flowlines and manifolds in 320ft water depth. The flowlines will, in turn, be connected to the FPSO through risers.

Produced hydrocarbons will be processed by the FPSO and exported through the West African Gas pipeline or through a direct pipeline to connect to the Lagos gas infrastructure."

Chevron's proposed departure from Aje does not look wonderful but there would be many reasons for this, not necessarily bad. But it probably would cause delays.