06 July 2016, Lagos – 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 Organisation Prince Sara-Igbe and other youth leaders, said the organisation 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.
- The Guardian