Anambra State based Orient Petroleum Resources (OPR) Plc says it has concluded plans to increase crude oil productions in its wells to 3,000 barrels per day by September this year.
The firm, whose commercial crude oil production arm was inaugurated by former President Goodluck Jonathan in August, 2012 also disclosed that it had struck an agreement with an indigenous company, Nails & Stanley Limited, to establish a gas plant in Umueje in Ayamelum Local Government Area of Anambra State.
OPR Managing Director, Mr. Sunny Okoye, briefed the press on the development on Monday after a meeting of the Board of Directors of the company with the state Governor, Willie Obiano, at the Governor’s Lodge, Amawbia.
According to him, Orient whose refinery construction projects had stalled for more than a decade now, has revved up activities in two new oil wells in its Aguleri oilfields that would shore up the company’s production capacity to 3,000bpd before September this year. “Orient is not only working assiduously in boosting the production capacity of its oil wells, the company is also developing the vast gas resources in the state. We are dealing with gas development on two fronts. The first one is the gas production we have right now, side by side with oil. We are looking at how to transform it to an income earning venture,” Mr. Okoye explained.
He further disclosed that the plan to generate income from the gas resources informed its partnership with Nails & Stanley to produce Compressed Natural Gas that would be used for industrial power as well as powering automobiles and a sundry other activities. “We are engaging Nails & Stanley for that. They are on track to install their compressor cans soon, and as soon as we are ready to flag their operations off in the state, we are going to develop the ANU Gas Field. We have a well, which we are going to use to produce sufficient gas for increased power production in Anambra State. That’s the second plan of our gas development plan,” he said.
By Olisemeka Obeche (with agency reports)
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