The Managing Director of indigenous oil firm, Belemaoil Producing Limited, Mr. Boma Brown has said that the company is expecting to hit a total crude oil production of 30,000barrels per day by the end of 2017.
Aug 8, 2017
According to Sweet Crude, Brown said presently the company was producing between 12,000 and 13,000 barrels per day. He explained the company acquired OML 55 in 2013 and got the license to operate in June 2016 and within one year of operation it has increased production by 100%.
He said the company wants to acquire more Oil Prospecting Licenses (OPL) and Oil Mining Licenses (OML), and be the partner of choice to other nations, Nigeria and as well as other indigenous operators.