A Nigerian firm has said it has started oil exploration and production from an offshore field in the commercial city of Lagos.

The company Yinka Folawiyo Petroleum Co. Ltd (YFP) announced on Tuesday that it is pleased to announce that it has commenced production of crude oil from its Aje field located in block OML 113 offshore Lagos

YFP did not disclose the volume of current output from the field but said the company has capacity to produce 40,000 barrels per day.

 “Oil produced from the Aje field will be stored on the Front Puffin which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels,” it added in a statement.

Production began after more than 25 years of exploratory, appraisal and developmental activities in the field, making Lagos — Nigeria’s commercial capital — an oil-producing state.