Nigeria: PetroNor targets Aje gas developer role

The newly merged PetroNor E&P has agreed to buy Panoro Energy’s 12.19% equity stake in OML 113 in the Keta Basin offshore western Nigeria, which contains the Aje oil and gas field. Cyprus-registered PetroNor, which completed a merger with African Petroleum in August, plans to take a lead role in progressing the long-mooted development of the field’s gas reserves, eliminating flaring and supplying gas to replace diesel generation in Lagos.