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
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector