Oando targets 100,000bpd crude, 1.5b cubic feet of gas
The Oando Energy Resources Nigeria Ltd, yesterday said it is targeting to produce 100,000 barrels per day of crude over the next five years and 1.5 billion standard cubic feet of gas.
The oil company made the disclosure when its delegation led by the Oando Managing Director, Dr Ainojie Alexander Irune, met with Rivers State Governor, Sir Siminialayi Fubara, at Government House in Port Harcourt.
Irune in a statement signed by Fubara’s Chief Press Secretary (CPS), Nelson Chukwudi, said the firm would not be able to actualise such ambitious targets without a harmonious relationship between the firm, the state government and host communities.
He said: “We will continue to invest in the upstream, which brings us to the conversation of why we are here. We have ambitions to deliver a 100,000 barrels per day production target over the next four to five years, and over 1.5billion standard cubic feet of gas.
“We can only do that in harmony. We can’t do it in a chaotic environment. And we have chosen this state as our base whilst we produce from three other states of Bayelsa, Imo and Delta.”
