Nzube Nlebedim, Nigeria Field Editor February 4, 2021
Image: YouTube
Following the one-billion-dollar acquisition of OML 17from Shell last month, Heirs Oil & Gas Ltd. has pledged to boost production from the onshore block to 100,000 barrels per day (bpd).
Success in achieving the production target would not only restore the block to its peak production level, but also make Heirs Oil & Gas Ltd. one of the largest indigenous operators in the country by output, alongside Seplat Petroleum Development Company, Atlas Petroleum International and Oranto Petroleum, Aiteo Eastern E&P, Shoreline and First Exploration & Petroleum Development Company.
“Our focus is to try to take this asset back to its peak production levels within a reasonable timeframe,” said Samuel Nwanze, CFO of Heirs Oil & Gas Ltd.
ON THE GO
Gbenga Daniel: I joined APC because it offers many options Gbenga Daniel, a former governor of Ogun, says he joined the All Progressive Congress (APC) because the party “offers too many options”.Advertisement Daniel spoke on Monday when he was received.
Reps panel summons army chief, Emefiele over arms purchase A house of representatives committee has summoned Attahiru Ibrahim, chief of army staff (COAS), to clarify issues concerning arms purchase for the Nigerian army.Advertisement The ad hoc committee on arms.
Akeredolu: Promoters of Oduduwa Republic are politicians who lost power Rotimi Akeredolu, governor of Ondo, says the state will not secede from Nigeria, adding that the advocates of Oduduwa Republic are politicians who lost out on power.Advertisement Sunday Adeyemo, popularly.