Benin basin off Nigeria could get first substantial development with oil/gas-to-liquids project

A Nigerian independent is searching for a partner or partners to appraise a 1996 discovery that could become the first major field development in the Benin basin off western Nigeria. Recent prestack depth migration (PSDM) of seismic data over the Aje oil and gas-condensate discovery on 454,000-acre OML 113 indicates a far larger structure than previously appreciated.Yinka Folawiyo Petroleum Co. Ltd., private Lagos independent and operator of OML 113 with 100% interest, has signed a heads of agreement with Syntroleum Corp., Tulsa, that could lead to delineation drilling and, if warranted, the deployment of a gas-to-liquids (GTL) barge to develop a large gas accumulation.Aje, 40 miles south...

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