By Kevin Pepple
Executive Director of the Oando Energy Resources, Dr. Anojie Alex Irune has declared the company have target to expand its productions to deliver 100,000 barrels of crude oil in the next 4-5 years.
The target also plan to expand gas production capacity to over 1.5 billion cubit.
“We will continue to exploit the peaceful environment in Rivers State to increase its investment and in operating the assets acquired from ENI-AGIP in the State,” Irune said.
Dr. Irune who led the Management team of the company spoke with journalists shortly after a visit to the Governor of Rivers State, Sir Siminalayi Fubara in the Government House, Port Harcourt on Wednesday where he disclosed that the peaceful environment, the cooperation from government agencies and the local communities have aided the smooth transition from Eni-Agip owned assets to Oando Energy Resources as an indigenous company.
He noted that their visit is to also felicitate with the governor who is their host and assure him of the company’s commitment to contributing to the economy of the state as Port Harcourt remains the operational base of the company.
He revealed that, “We will continue to invest in the upstream which brings us to the conversation of why we are here. We have ambitions to deliver 100,000 barrels of crude oil over the next 4 to 5 years and over 1.5billion standard cubic ft of gas.”
“We can only do this in harmony, and not in a chaotic environment and we have chosen this State as our base whilst we produce from 3 other States of Bayelsa, Imo and Delta. And these assets OML 60, 61, 62 and 63 span all of these States.”
Dr. Irune also pointed out that the company has plans for continuous investment, because the priority of their investment is not just in the assets but also in the communities that the assets are being operated from.
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