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and Syntroleum International Holdings Company own Syntroleum's 25 percent cost bearing interest in Oil Mining Lease ("OML") 113, which includes the Aje field, and its 20 percent interest in the Ajapa field in OML 90. As a result, YFP, the Nigerian firm which holds the rights to OML 113, and Syntroleum are in active discussions with several additional companies interested in joining the participant group. The project involves the reinjection of natural gas to mitigate normal field decline from East Area reservoirs and significantly increase ultimate oil recovery from Blocks OML 67 and OML 70. |
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