Petronor is expected to complete the acquisition of a stake in Aje this year
Nigerian partner sees Aje field progress
ADM Energy expects a significant boost to output once Petronor finalises its stake purchase
This year will be important for plans to expand production at Nigeria’s Aje field, according to Nigerian independent ADM Energy. The firm expects Norwegian independent Petronor to complete the formalities of its acquisition of a stake in Aje, which “will enable the partners to progress the field development plan and significantly increase production”. Petronor is “a heavyweight partner” and “keen to extract further value from the asset”, says ADM. And CEO Osamede Okhomina adds that, by buying in, Petronor demonstrates “confidence in the potential of Aje”. The field’s output averaged 1,117bl/d in 2021. Petronor is in the process of acquiring all of Oslo-listed independent Panoro’s 13.1pc stak
Also in this section
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
