The Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and Millenium Oil and Gas Company Limited.
The Chief Executive Officer of Decklar Resources, Sanmi Famuyide, who disclosed this in a statement on Wednesday, said that the company has continued ongoing crude oil injection volumes into the Trans Niger Pipeline for transport to and export from the Bonny Export Terminal.
The refinery was developed by the Edo Refinery and Petrochemical Company Limited and was facilitated through a Memorandum of Understanding between Governor Godwin Obaseki-led State Government and AIPCC.
ALSO READS:
It is a 6,000bpd capacity plant, which is being expanded to 21,000bpd.
- TCN gives update on Grid Disturbance, warns against persistent system collapse
- Our deal with Dangote Refinery – Pinnacle Oil & Gas
- Azura Power Unveils N900m Solar Car Park at UNN
- Nigeria, Morocco progress on $26bn African Gas Pipeline Project
- Pinnacle Oil & Gas replies Dangote Refinery
The facility with its feedstock can produce 500,000 litres of diesel, 300,000 litres of Naphtha, and 200,000 litres of low-pour fuel oil.
He said, “We are very pleased to announce the significant milestone of the first crude oil exports from the Oza Oil Field through the TNP and Bonny Export Terminal. In addition, crude oil is still being trucked to the local refinery customer in Edo State.
“The restoration and continued operation and availability of the Trans Niger Pipeline connection between the Oza Oil Field and the Bonny Export Terminal and delivery and sales of crude oil to the local refinery has allowed Decklar and Millenium to deliver a steady stream of crude oil to market and to generate a continuing revenue stream.
Noting that the crude oil produced from the field is sold to Shell Western Supply and Trading Limited (Shell), he added, “Crude oil production from the Oza Oil Field through the TNP to the Bonny Export Terminal is being sold to Shell Western Supply and Trading Limited (“Shell”). Crude oil held in storage at the Oza Oil Field and crude oil being produced into storage tanks from the Oza-1 and Oza-4 wells is being transported by truck a short distance in-field to the transfer pumping station at the Oza Oil Field for injection into the TNP.
“The first crude oil export cargo of 15,000 bbls to Shell has loaded on board a vessel with a bill of lading date of February 7, 2024, with sales proceeds expected in the last week of March. Decklar and Millenium are expecting another crude oil export nomination notice from Shell before the end of March 2024 for the export of another 15,000 barrels of crude oil currently held in the Bonny Export Terminal tanks.”