MX Oil is considering changing its focus from the drilling of additional wells to gas production at the Aje Field in Nigeria.
MX Oil was today celebrating the production upstart of its Aje Field in Nigeria.
MX Oil has suffered a setback after it revealed its flagship assets in Mexico are not worth progressing.
MX Oilhas agreed terms on the sale of its investment in the Aje field offshore Nigeria to GEC Petroleum Development.
MX Oil has signed terms with an international oil and gas group to buy its Nigerian assets in the proven offshore Aje field.
UK oil and gas investment company MX Oil is looking ahead to a "game changing" end of year with progress made in Mexico and imminent production expected from its Nigerian assets.
The boss of MX Oil said the company had secured a share in a “world-class” asset after investing in the OML 113 licence offshore Nigeria. Stefan Olivier said he did not see any challenges from acquiring a 5% share in the near-term producing licence, which includes the Aje Field. The asset has already undergone flow tests with production expected from January 2016.