The is a Group Managing Director of Polaris Bank Limited, Mr. Adetokunbo Abiru has visited Pan Ocean Oil Corporation’s OML-147 flow station at Owa- Alidinma and the Ovade-Ogharefe Gas Processing/LPG Propane Plant II, both in Delta state.
The multimillion-dollar projects which are slated for commissioning in the next few months are set to be game changers in the oil and gas industry. They will contribute immensely to national electricity supply and crude oil output when fully operational.
Under the leadership of Pan Ocean Oil Corporation’s Chairman/ Managing Director, Dr. Festus Fadeyi, OPL 275 (Oil Prospecting Lease 275) was converted to OML 147 (Oil Mining Lease 147) in 2014 to enable drilling for first oil and subsequent production. When full production commences, OML 147 is expected to attain peak output of 11,000 barrels of crude oil and 90 million standard…
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