Orient Petroleum Resources Plc has concluded plans to increase the production of crude oil in its wells to 3000 barrels per day in September this year. The company has also hatched a plan with an indigenous company known as Nails & Stanley Ltd to establish a gas plant in Umueje in Ayamelum Local Government Area of the state.
Offering insight into the development during a recent meeting between the Board of Directors of the company and the governor of Anambra State, Chief Willie Obiano in the Governor’s Lodge, Amawbia, the Managing Director of the company, Engr. Sunny Okoye revealed that Orient 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.
According to him, Orient is not only working assiduously on 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 resource,” Engr. Okoye explained.
The oil chieftain also revealed 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 is used for industrial power as well as powering automobiles and a sundry other activities.
Said he; “We are engaging Nails & Stanley for that. They are on track to install their compressor cans very 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 plank of our gas development plan.”
Engr. Okoye also revealed that Nails & Stanley is a wholly owned indigenous company operated by some illustrious Anambra indigenes who are eager to lend a weighty hand to on-going efforts to build a prosperous Anambra State.