Another Igbo State joins the oil-producers' club, 45 years after!

Date: 29-08-2012 5:21 am (11 years ago) | Author: rome
[1] 2 3 4
- at 29-08-2012 05:21 AM (11 years ago)
(m)
From Chuks Collins, Awka

NEARLY 45 years after Safrap, now Total Plc, first discovered and drilled oil in Aguleri, Anambra-East Council of the state, the former Secretary General of the Commonwealth, Chief Emeka Anyaoku, who is the chairman of the Orient Petroleum Resources Ltd (OPR), has led the state into the elite oil-producing states' club.



Therefore, come August 30, 2012, President Goodluck Jonathan is expected to commission the production of oil at the 55,000bpd first wholly privately-owned Orient Petroleum Resources' (OPR) oil rig in Aguleri.


The company, according to its Managing Director, Emeka Nwawka, is currently stockpiling the produced crude in large barges at the site ahead of its refinery, which would be commissioned in a few months.


The chief executive also confirmed that they had resolved in writing all initial disagreements over the location and area covered by their operations with the Enugu State government. He said they sorted things out with the Secretary to the State Government, Patrick Okolo and the Attorney General, Anthony Ani, as well as chairman of the Uzor Uwani Local Council.


Nwawka stated that the two oil blocs sitting on acreage of 2158km2 extends a bit into Edo, Delta and Enugu states, but that the location of the well in Anambra State was never in any form of dispute.


The Federal Government had granted two oil blocs marked as OPL 915 and 916 to the company in 2002, and after analysing the seismic data thereto, the company decided to proceed with full development. The actual drilling process, which commenced a few months ago, began with their re-entry of the OPL 915, otherwise referred to as Anambra River 1, which had first been drilled about 45 years ago in 1967 by the Safrap (which later became Elf and later again Total Plc).


The export details and processes were already being worked out with the appropriate federal agencies too.


He disclosed that already, the detailed engineering aspects of the refinery had been completed.


The managing director also confirmed that the installation of the modules was planned in phases. The phase one, with a 20,000bpd capacity, would be ready next year (2013) during which it is expected that the whole project whose journey began in 2002, would have taken more than $100 million.


The phase-two, with 35,000 bpd capacity, is expected to be ready the following year in 2014. It is, therefore, expected that when fully completed to installed output capacity of 55,000bpd in 2014, it would have taken about $200 million.


This is against the proposed six new refineries by the Federal Government that would cost Nigerian taxpayers $750 million each, with proposed installed capacity of 30,000bpd output.


According to Nwawka, the modular plan gives them confidence that with anticipated enhanced cash flow from the initial module, they would then reinvest in the extension of the increased refining capacity. It would also support other ancillary needs like the roads, tanks, workshops, electricity generation and others.


Orient Petroleum Resources, operators of the Orient Refinery and other subsidiaries, is a wholly privately-owned shareholding venture promoted in 2001. It has numerous shareholders' base from all parts of the country, together with some councils and state governments as minority investors, including Rivers, Anambra and the 21 councils of Anambra State.


The licence to construct a refinery was granted by the Federal Government in 2002 and with due operational diligence, it secured the Environmental Impact Assessment (EIA) certificate in 2005. Thus, it became the first to be so certified in the country's oil sector.


The OPR example may be the shining example the nation needs to break away from the refining and supply hiccups of the sector, which have over the years, been used to distort the budgetary plans of the various levels of government. Cool Cool Cool

 

        


Posted: at 29-08-2012 05:21 AM (11 years ago) | Newbie
- ajanni at 29-08-2012 08:31 AM (11 years ago)
(m)
i will visit the site very soon to do my own personal assements'probably the oil is actually on their land"because mere mentioning EDO & DELTA is some how suspicious' you never can say oooo
Posted: at 29-08-2012 08:31 AM (11 years ago) | Grande Master
Reply
- lanudja at 29-08-2012 08:35 AM (11 years ago)
(f)
Good to hear
Posted: at 29-08-2012 08:35 AM (11 years ago) | Hero
Reply
- Adego1 at 29-08-2012 08:39 AM (11 years ago)
(m)
made in Nigeria Grin
Posted: at 29-08-2012 08:39 AM (11 years ago) | Upcoming
Reply
- Ausnowx at 29-08-2012 08:44 AM (11 years ago)
(m)
Aguleri!! trust them with there native charms if they dont get there rightful quota,
they wil nt hesitate to voke invisible hand to slaughter d people incharge. but all the same God pass them
Posted: at 29-08-2012 08:44 AM (11 years ago) | Upcoming
Reply
- aso4life1 at 29-08-2012 08:50 AM (11 years ago)
(m)
Expect another MILITANT GROUP to EMERGE.  its a sure thing.

Posted: at 29-08-2012 08:50 AM (11 years ago) | Hero
Reply
- johnzik at 29-08-2012 08:59 AM (11 years ago)
(m)
Aguleri is a blessed land in igboland, I will soon go there to invest in the oil business. Blessed Father Tansi will guide them
Posted: at 29-08-2012 08:59 AM (11 years ago) | Newbie
Reply
- Malachi09 at 29-08-2012 09:14 AM (11 years ago)
(m)
Emmm  .. Time d0n reach wey i go check ma c0mp0und 4 oil o... Since na almost everywher e wan dey... 0IL MONEY ON MA MIND

Posted: at 29-08-2012 09:14 AM (11 years ago) | Upcoming
Reply
- nzeb at 29-08-2012 09:38 AM (11 years ago)
(m)
good news from anambra, one love
Posted: at 29-08-2012 09:38 AM (11 years ago) | Newbie
Reply
- jessymic at 29-08-2012 09:50 AM (11 years ago)
(f)
gOOD  Cool Cool Cool
Posted: at 29-08-2012 09:50 AM (11 years ago) | Upcoming
Reply
- colenzo at 29-08-2012 09:53 AM (11 years ago)
(m)
i hear uzo-uwani in Enugu state

Posted: at 29-08-2012 09:53 AM (11 years ago) | Gistmaniac
Reply
- dizhadah at 29-08-2012 10:22 AM (11 years ago)
(f)
good news Cool hope this will improve living conditions of the populace.
Posted: at 29-08-2012 10:22 AM (11 years ago) | Gistmaniac
Reply
- Solidstonez at 29-08-2012 10:36 AM (11 years ago)
(f)
GOOD NEWS

Posted: at 29-08-2012 10:36 AM (11 years ago) | Addicted Hero
Reply
- Solidstonez at 29-08-2012 10:36 AM (11 years ago)
(f)
 Cool Cool Cool Cool Cool

Posted: at 29-08-2012 10:36 AM (11 years ago) | Addicted Hero
Reply
- winace at 29-08-2012 11:21 AM (11 years ago)
(f)
Congratulation. Spread d money nt d corruption. Thanks
Posted: at 29-08-2012 11:21 AM (11 years ago) | Addicted Hero
Reply
- lakman at 29-08-2012 11:28 AM (11 years ago)
(m)
igboland is a blessed land, land of promise for the children of israelite. GOD bless igboland. thank u GOD.
Posted: at 29-08-2012 11:28 AM (11 years ago) | Upcoming
Reply
- Neglito at 29-08-2012 11:31 AM (11 years ago)
(m)
Oil everywhere, yet poverty everywhere. Angry Angry Angry Angry Angry Angry Angry
Posted: at 29-08-2012 11:31 AM (11 years ago) | Gistmaniac
Reply
- harunakoni at 29-08-2012 12:28 PM (11 years ago)
(m)
More money 4 PDP 2syphone.
Posted: at 29-08-2012 12:28 PM (11 years ago) | Upcoming
Reply
- ela214 at 29-08-2012 12:32 PM (11 years ago)
(f)
OIL OIL OIL;WHERE IS THE MONEY????na only figures we dey hear and see we no dey taste am,even the aroma no dey near us.
another bank for those poeple.if u call their names na u sabi
Posted: at 29-08-2012 12:32 PM (11 years ago) | Gistmaniac
Reply
- moriztuos at 29-08-2012 12:49 PM (11 years ago)
(m)
 Cool
Posted: at 29-08-2012 12:49 PM (11 years ago) | Gistmaniac
Reply
[1] 2 3 4

fire TRENDING GISTS fire

TODAY'S TOP
  1. "No Woman Will Cheat On You If You...." -Gabonese Lady Says

  2. Comedian, Macaroni Berates Wizkid For Shading Veteran Producer, Don Jazzy

  3. Secondary School Student Allegedly Commits Suicide Over Unwanted Pregnancy

  4. Court Slams N30 Million Damages Against Linda Ikeji Over Libel

  5. Kizz Daniel Slams Troll Who Advised Him To Tread Carefully Around Wizkid

  6. Meet Ndubuisi Egbo The First-Ever Nigerian Coach To Lead an European Team To A League Title

  7. 2024 Will Be Tough Year For Afrobeat Apart From BurnaBoy, Davido, Others Are in Trouble -Paul O

  8. 2024 Will Be a Tough Year For Afrobeat - Nigerian Music Executive, Paul Okoye

  9. Nollywood Has Produced 274 Films in First Quarter of 2024 — Censors Board


THIS WEEK
  1. Benin Kingdom Suspends Five Functionaries For ‘Unauthorised’ Visit To Ooni Of Ife

  2. Nigerian Tenant Discovers Landlord With Wife & Daughter, Sparks Outrage Online (Video)

  3. Lady Who Worked As A Maid In Saudi Arabia Narrates Her Harrowing Ordeal As Boss Impregnates Her

  4. GWR Holder, Tunde Onakoya's Parents Gifted A House

  5. No More Big 3 In Afrobeat, I'm On Same Level With Wizkid, Davido And Burnaboy - Rema Reveals

  6. Investigation Launched Into Mysterious Death Of VGC Chairman, Gihan Mbelu In Lagos

  7. Drama As Actress, Toyin Abraham Ajeyemi Clashes With Area Boys On Movie Set (Video)

  8. VIDEO: Singer, Davido Becomes First to Own The $500,000 2024 Rolls Royce Spectre

  9. Wunmi Ajiboye Reunites With Estranged Husband, Segun Ogungbe, Days After Dragging Him (Video)

  10. "Polygamy Is Allowed In Celestial Church, Our Prophets Can Marry Many Wives" — Oshoffa's Son


TOP MEMBERS: