Belemaoil increases production to 3,000bpd

Indigenous oil firm, Belemaoil Producing Limited has increased its oil production capacity to 3,000 barrel per day (bpd), barely a month after American Oil giant, Chevron Nigeria Limited, successfully handed over OML 55 fields to the firm.

The Founder/Chairman of Belemaoil Jack-Rich Tein Jr., who disclosed this feat while receiving President of River State Youth Organization Prince Sara-Igbe and other youth leaders, said the organization has also gone further to fulfill some of its promises to host communities by employing a total of 350 youths across OML55 and Niger Delta communities as well as working with experts to provide portable drinking water in Kula.

According to him, Belemaoil is currently working with its overseas partners and the Nigeria’s Department of Petroleum Resources (DPR) to launch 30,000 barrels floating refinery and LPG unit, scalable floating power generating barge of 135MW in phase-1 to 650mw in phase-2.

The power project, he said would curb gas flaring and further harness the gas reserves in OML55, which is over 2tscf.

These projects, Jack-Rich said, when fully deployed is a catalyst for huge technology transfer, employment for the unemployed youths thereby eradicating undue restiveness, agitations, economic sabotage and other unforeseen vices in our communities/cities.

He stressed further that Chevron Nigeria Limited with this feat, has uniquely achieved for itself, the first and only International Oil Company in Africa to have divested its participating interest in an oil mining lease (OML) to a local company from within its host Community, which has trickled down to unemployed youths in their respective Communities.

In his remarks, President of River State Youth Organization, Prince Sara-Igbe thanked Chevron Nigeria Limited and Founder/Chairman of Belemaoil Producing Limited, Jack-Rich Tein Jr., for making history in Rivers State.

The Youth leader said Chevron Nigeria has set an indelible landmark for other international and local oil companies to follow and if they build on Chevron’s landmark, unnecessary restiveness and agitation will fade away so-fast because they now have the capacity to empower and develop their region and community just as Belemaoil has started.

He further expressed thanks to God and overwhelming gratitude to President Muhammadu Buhari in whose administration Chevron and Belemaoil has brought this great blessing to his people in Niger Delta.

The Youth President also encouraged other Niger Delta oil producing, refining, petrochemical, power generating/servicing companies to support capacity development for unemployed Niger Delta youths in order to foster and maintain sustainable peace in the region.