Heritage Energy & Oil Services Limited, alongside its Joint Venture (JV) partners Shoreline Natural Resources and NEPCL, has set an ambitious target to increase crude oil production from 45,000 barrels per day (bpd) to 100,000 bpd by 2030.
This goal is part of the company’s plans for OML 30, which were recently discussed with the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe.
To achieve this significant increase in production, Heritage Energy will need to drill an additional 50 wells, representing a substantial investment by the JV. The company’s commitment to increasing production aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which aims to drive economic growth and development in Nigeria.
Engr. Ogbe reaffirmed NCDMB’s support for Heritage Energy and its JV partners, expressing confidence that this collaboration will lead to increased production, job creation, and economic growth.
The NCDMB officials, including Isaac Yalah, Abayomi Bamidele, Esueme Dan Kikile, and Amanda Yekorogha, welcomed the delegation and reiterated their commitment to supporting the company’s goals.
Heritage Energy’s plans for OML 30 are expected to have a significant impact on Nigeria’s oil and gas industry, with the potential to create jobs, stimulate economic growth, and increase the country’s oil production.
