How Salvic Petroleum achieve 75,000 bpd crude oil production from OML 30
A relatively young Nigerian company called Salvic Petroleum Resources Limited (SALVIC) said that it has been able to move OML 30 from zero to 75,000bpd production because the company assembled some of the best hands in the oil and gas space.
This effort, it noted, set the company on its journey to turn around erstwhile inactive OML30, which belong to Heritage Energy and rehabilitate the Trans Forcados Pipeline, a major evacuation line for many oil producers in the region.
Between March 2017 and April 2018, SALVIC was the 3rd party Operator of OML30 on behalf of the official Operator, a company called Heritage Energy Operational Services Ltd (HEOSL).A statement signed by the Director, Corporate Affairs, Celine Loader, disclosed that success in OML30 has proved SALVIC’s novel business model and provide a valuable template to apply to future portfolio of opportunities.
It disclosed that fearless in the face of the many extant and looming challenges, the young company went on to achieve some incredible successes, which it noted, drew commendations from industry experts, the Communities and stakeholders, as well as the Federal Government and the Delta State government.
Giving details of its success story on OML 30, Salvic stated: “On commencement, SALVIC quickly recognised that restoring the TFP was pivotal to any chances of achieving the stretch production targets that had been set. With approval of the JV Partners, SALVIC contracted affiliate O&M company, Abbeycourt Energy Services Limited, and a security firm Eraskorp, all working collaboratively to provide 24-hour operations and maintenance, and both overt and covert surveillance and security for equipment and facilities, with the support of the JTF.
“The TFP was restored in record time of less than 3 months and subsequently sustained uptime of over 86 per cent throughout the year. SALVIC’s strategy of engaging grassroots community as surveillance contractors also minimised security issues and nurtured long-term goodwill with community.
“With the Forcados Pipeline restored, the company successfully ramped up OML30 production from zero in April 2017 to 75,000 barrels per day (bpd) by end December 2017. This was achieved without drilling any new wells, just a robust work programme of creative and innovative solutions that optimised production and unlocked value from old legacy infrastructure and equipment.”
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