Written by Tony Okafor, Awka.
The Orient Petroleum Resources Plc in Anambra State plans to increase the production of crude oil in its wells to 3,000 barrels per day by September.
The firm, which was conceived by the Anambra State Government under former governor of the state, Dr. Chinwoke Mbadinuju, was inaugurated in August, 2012 by former President Good luck Jonathan.
The company said it had concluded arrangements with an indigenous company, Nails & Stanley Limited, to establish a gas plant in Umueje in Ayamelum Local Government Area of the state.
Managing Director of Orient Petroleum Resources, Mr. Sunny Okoye, said these on Monday after a meeting of the Board of Directors of the company with the state Governor, Chief Willie Obiano.
Okoye added that the company had 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.
He said, “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.”
The managing director explained 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.
Okoye stated, "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."
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