Salvic Boosts Production by 75,000 bpd

Oil Jump Jack
  • Salvic Boosts Production by 75,000 bpd

To improve Federal Government’s crude oil output and earnings, Salvic Petroleum Resources Limited has increased production in its Oil Mining Lease (OML) 30 from zero-level to 75,000 barrels per day (bpd).

Located at about 35 kilometre East of Warri in Delta State, OML 30 is reputed to be the second largest onshore oil and gas asset in the country. With capacity to produce an estimated one billion barrels of oil, OML 30 comprises eleven oil fields three flow stations, the Ugbelli tank farm (UPF), the Trans Forcados Pipeline (TFP) and an estimated one billion barrels of oil.

Operated by Salvic under the nameplate of Heritage Energy Operational Service Limited (HEOPS), the daily production of 75,000 barrels remains the biggest output of OML till date.

Investigation conducted revealed that the firm achieved the feat, following its resolve to restore Trans Forcados Pipeline and further maintain a 24-hour surveillance on the project. The firm engaged the host community with a view to minimise security threats on Oil Mining Lease 30 and further boost its production.

The source listed other achievements to include the decision by the firm to provide a forum for dialogue, where people in oil producing communities meet to discuss issues that border on their co-existence. Through this, the firm was able to assemble leaders such as the President-Generals, traditional rulers, and youths among others, who can influence and shape people in 110 communities in the area.

The source added: ‘’Salvic made timely Freedom To Operate (FTO) payments to ensure unhindered access to locations, where the firm produces crude oil among others. The communities relied on the 2017 Global Memorandum of Understanding (GMoU) fund to carry out community development projects and the fund was paid in full.

Beyond the GMoU, Salvic developed a robust Community Service Relations programme for 2018, which was approved by the Joint Venture (JV) partners like the Nigerian Production Development Company (NPDC) and the Shoreline Energy Limited. In addition, the firm has awarded 55 Quick Win projects and 93 MoUs by the first quarter of 2018.

Others, the source said, are the resolve by Salvic to provide Health, Safety, Security and Environmental (HSSE) programmes. Through this, the firm made the safety of its personnel and equipment paramount, in order to record growth.

According to the sources, the firm has been able to reduce issues such as community/oil firms confrontations to the minimum barest level in order to boost crude production, which has been hampered by incessant destruction of oil installations by militants in the region.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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