In a significant development for Nigeria’s energy sector, the Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field. The Oza Oil Field is operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited.
The Chief Executive Officer of Decklar Resources, Sanmi Famuyide, disclosed this in a statement, highlighting the ongoing injection of crude oil volumes into the Trans Niger Pipeline for transportation to and export from the Bonny Export Terminal.
The Edo Refinery, developed by the Edo Refinery and Petrochemical Company Limited (ERPC), is a key component of efforts to enhance Nigeria’s refining capacity. Facilitated through a Memorandum of Understanding (MoU) between the Governor Godwin Obaseki-led State Government and AIPCC, the refinery has a current capacity of 6,000 barrels per day (bpd), which is being expanded to 21,000 bpd.
With its feedstock, the refinery is capable of producing 500,000 litres of diesel, 300,000 litres of Naphtha, and 200,000 litres of low-pour fuel oil, contributing significantly to the country’s energy needs.
Sanmi Famuyide expressed satisfaction with the milestone achieved, stating, “We are very pleased to be announcing the significant milestone of the first crude oil exports from the Oza Oil Field through the TNP and Bonny Export Terminal.” He also noted that crude oil continues to be supplied to local refinery customers in Edo State, further underscoring the refinery’s role in supporting the local economy and meeting domestic energy demands.
The receipt of crude oil from the Oza Oil Field marks a step forward in the development of the Edo Refinery and highlights the progress being made in enhancing Nigeria’s refining capacity and promoting self-sufficiency in the energy sector.
