Anambra to begin Crude Oil Production on Thursday, Jonathan to Inaugurate Oil Well

Anambra State Governor, Peter Obi

Anambra State will begin crude oil production on Thursday as President Jonathan will inaugurate the first oil well in what will be the genesis of inland basin crude oil production in Nigeria.

The crude oil production in the state is being undertaken by Orient Petroleum Resources, a company floated by the Anambra State government to exploit the State’s oil. The company operated under the tenets of Public Private Partnership.

Orient has two oil prospecting licenses for the Anambra Basin. They are OPL 915 and OPL 916.

The company has completed a 10km access road leading to the well to be inaugurated by the President.

Whilst in Anambra, the President will also be inaugurating the new Orange Drugs factory in Onitsha, as well as the SAB Miller Brewery, which is the second largest Brewery in Africa.

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2 Comments

1. 

   http://twitter.com/5kofx

   August 28, 2012 at 9:22 am

   The other oil producers will not be happy as more supply means lower prices and lower profit for them.
2. 

   Adicofranklin okoye

   August 28, 2012 at 11:15 pm

   All Glory Hunor and Praises Be Onto Our GOD ALMIGHTY For This Owesom Grace To my State Anambra, and Nigeria At Larg. May It Bring Stability Lasting Success Into Our Dear Land In Jesus Christ Mighty Name. AMEN & AMEN . Good Work From Lovely Gov Mr Peter Obi. Okwute Ndi Igbo, And Good People Of Anambra State, You Will Live Long………………………………………………………………………………………………………………