West Africa Exploration and Production Company (WAEP), the upstream subsidiary of Dangote Group, is targeting more than 1.6 billion barrels of oil in place across its Nigerian assets as it prepares to significantly increase production over the next 24 months. The company intends to boost output from its OML 71 and OML 72 assets while developing infrastructure and arrangements to monetise gas, according to its Managing Director, Olajumoke Ajayi. Ajayi disclosed the plans while speaking at the African Oil Week Energy Conference in Accra, Ghana, where she explained that WAEP is...