On Tuesday 16th March 2021, Nigerian Indigenous oil and gas company, Midwestern Oil & Gas Company Limited and its Joint Venture (JV) partners, SunTrust and others, inaugurated four multi-million-dollar oil facilities in Delta State, Nigeria.
The Group Managing Director of Midwestern Oil and Gas, Charles Odita, said the facilities are aimed at optimising hydrocarbon recovery at low cost. The location of the facilities is Umusadege in Kwale, Ndokwa West Local Government Area of Delta State.
In the GMD’s address, he said the Company, who is the OML 56 operator, has increased its oil processing capacity from 25,000 barrels per day to 40,000 barrels per day, increased its gas processing capacity from 15 million to 25 million standard cubic feet per day, and increased its storage capacity from 29,000 to 110,000 barrels of oil per day.
The newly acquired compressors are to deliver 6.5 million standard cubic feet of gas each.
Excerpts from the GMD: “Diligent management of resources and cooperation of the partners were able to surmount all obstacles and come up with the resultant investment.”
“The value of the three-fold increment in our gas processing, oil processing and storage is immense.”
“By adding the two compressors that will deliver 6.5 million standard cubic feet of gas, we have set a course for a bright future for us and our joint venture partners.”
“We have also positioned our host communities for industrial excellence, and this is due to the cordial support they have granted us from the onset of our operations in their communities.”
Midwestern is a Nigerian company involved in the Exploration and Production of Oil and Gas. The company operates a joint venture with Sun Trust Oil Co. Limited in its Marginal Field in the Southern region of the country.