Belemaoil Ramps Up Production to 11,000 Barrels Per Day

An homegrown oil firm, Belemaoil Producing Limited, whiich recently took over the oil mining lease (OML 55) from Chevron, has increased its production by 3,000 barrel per day (bpd) to hit 11,000bpd.

This feat has attracted the commendation of the Niger Delta Oil Producing Communities Empowerment Forum, NDOPCEF, as the Chief Media Secretary Amaibimabo Godswill Tamunofubura, in a statement, said: “The Niger Delta people are proud of Belemaoil, who just took over OML 55 field works on the June 2, 2016 and, in 18 days of take over, is able to take production from 8,000 barrels daily to 11,000 barrels per day.”

The statement reads in part: “With this development Chevron Nigeria Limited has uniquely acheived for itself the first and only international oil company in Africa to have divested its participating interest in an OML to a local company from within its host community, which has trickled down to unemployed youths in their respective communities.”

Commending Chevron Nigeria Limited for handing over the fields to Belemaoil, he said the divestment will a create economic empowerment for the Niger Delta oil producing communities and promote peace and order.

The statement also noted that after a successful field hand-over by Chevron, Belemaoil has gone further to fulfill some of its promises to host communities by employing a total of 350 community youths across OML 55 and Niger Delta communities.

 

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