Belemaoil Producing, a Nigerian independent oil producer, has resumed operations at its Oil Mining Lease (OML) 55 after a three-year shutdown caused by facility damage resulting from theft.
Belemaoil announced this in a statement yesterday, Monday 14th October, 2024, explaining that operations at OML 55 were suspended in 2021 due to extensive oil theft from its delivery line to the Bonny terminal.
The company explained that the block comprises five oilfields, producing around 14,000 barrels of oil per day and over 70 million standard cubic feet of gas daily.
The arrival of the first floating oil storage vessel at OML 55 on October 6 marked “a major milestone in the company’s efforts to resume production,” according to the spokesperson.
Located approximately 40 km west of the Bonny oil export terminal, Belemaoil acquired OML 55 from Chevron Corp in 2015. However, operations were suspended in 2021 due to ongoing oil theft.
