The Orient Petroleum Resource Plc in Anambra State is geared towards increasing its production to 3000 barrels per day (bpd) by September.
The firm also said it had concluded an arrangement with an indigenous company – Nails & Stanley Ltd – to establish a gas plant in Umueje in Ayamelum Local Government Area of the state.
The Managing Director of Oil Petroleum Resources, Engineer Sunny Okoye, made this known to newsmen after a meeting of the Board of Directors of the company and the state governor, Chief Willie Obiano, at the Governor’s Lodge, Amawbia, on Monday.
Okoye also said 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 3000bpd before September this year.
The Managing Director further stated that it was the drive to turn its gas resources into an income earner that informed the partnership it recently struck with Nails & Stanley in order to produce Compressed Natural Gas (CPG) that would be used for industrial power as well as powering automobiles and sundry other activities.
Source: http://dailyindependentnig.com
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