Oando Set To Increase Investment In Rivers

Oando has disclosed their resolve to increase their investments in Rivers State.

Executive Director of the Oando Energy Resources, Dr. Anojie Alex Irune who stated this, revealed that the company will continue to exploit the peaceful environment in Rivers State to increase its investment and in operating the assets acquired from ENI-AGIP in the State.

Dr. Irune who led the Management team of the company spoke to newsmen shortly after a visit to the Governor of Rivers State, Sir Siminalayi Fubara in Government House, Port Harcourt on Wednesday where he disclosed that the peaceful environment, the cooperation from government agencies and the local communities have aided the smooth transition from Eni-Agip owned assets to Oando Energy Resources as an indigenous company.

He noted that their visit is to also felicitate with the governor who is their host and assure him of the company’s commitment to contributing to the economy of the State as Port Harcourt remains the operational base of the company.

“We will continue to invest in the upstream which brings us to the conversation of why we are here. We have ambitions to deliver 100,000 barrels of crude oil over the next 4 to 5 years and over 1.5billion standard cubic ft of gas.”

“We can only do this in harmony, and not in a chaotic environment and we have chosen this State as our base whilst we produce from 3 other States of Bayelsa, Imo and Delta. And these assets OML 60, 61, 62 and 63 span all of these States.”

Dr. Irune pointed out that the company plans continuous investment, however the priority of their investment is not just in the assets but also in the communities that the assets are being operated.

In his response, the executive Governor of Rivers State, Sir Siminalayi Fubara commended them, adding that Rivers State is peaceful and would continue to be investors haven.