This is contained in a statement in Awka on Monday by the Managing Director of the company, Mr Nnaemaka Nwakwa.
"The 3Dimension Seismic contractor is still working and and following the interpretation of the data, OPR plans to drill some high capacity wells to guarantee the crude oil feed stock for the Orient Refinery.
"The phase will facilitate the fast tracking and early completion of the refinery expected in the next 12 months.
"OPR's refining activities will contribute significantly to the supply of petroleum products for consumption in Nigeria, as well as export abroad, thereby conserving foreign reserves and boost Gross Domestic Product.
"The company's supply of natural gas from its OPL to the nearby factories will trigger industrial growth and provide economic empowerment for the people and create job opportunities for the teeming unemployed youths in the country." The refinery would be fed from the two oil blocks, OPLs 915 and 916.
The oil field covers an approximate area of 2,158 square kilometres, lying predominantly in Anambra but extending into Kogi, Edo and Delta and Enugu states.
It said the exploration activities went beyond states and in cases where hydrocarbon deposit was between state boundaries, it was the function of the Federal Governments to determine ownership and benefit among the states.
" and where oil and gas pool straddle between between state boundaries, the Federal Government would, through a process, evaluate the amount of hydrocarbon deposits and allocate the benefits of production of such oil and gas accruing to each state, as has been done recently between Rivers/Akwa Ibom, Cross Rivers/Akwa Ibom states."
Nwakwa, however, said that all facilities were ready for the president's visit for the inauguration of Anambra River-1 oil well and its Early Production Facility on Aug. 30.
Sent from my BlackBerry wireless device from MTN
Orient Petroleum Resources Plc (OPR), projects its refinery would to be completed in the next 12 months.
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna.
Related Articles
Subscribe to:
Post Comments
(
Atom
)
0 comments:
Post a Comment