Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day - Politics

Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day (26516 Views)

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Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by NewsPoacher(op): 7:08am On Apr 21, 2016

April 20, 2016

The exploration of bitumen in Ondo State will kick off immediately with 10,000 barrels per day, even as the state government has signed a Joint Operating Agreement (JOA) with an American firm, Liquefied Resources, on the exploration and extraction of the commodity.

Secretary to Ondo State government, Dr Aderotimi Adelola, signed on behalf of Ondo State government while the President of Liquefied Resources, Mr Thomas Cooley, signed for his company at an event, which held at the state Executive Council Chamber with Governor Olusegun Mimiko and his deputy, Alhaji Abdulazeez Oluboyo, in attendance.

The exploration, which will take off immediately, will begin with 10,000 barrel per day and is expected to increase to 25,000 barrel per day soon, as Liquefied Resources is investing One hundred and Fifty Million Dollars in the project. Speaking after the signing of the agreement, Governor Olusegun Mimiko said it is a landmark of sort to the economic development of Ondo State, as he said the initiative has been on the table for many years in Ondo State without result.

He said that his administration is committed to seeing that bitumen exploration scale through, also promised to interface with the host communities on behalf of the company for a mutual cooperation.

Meanwhile, as part of efforts to finally resolve the perennial power outage in the Southern senatorial district of the state, the government, on Tuesday, signed a Memorandum of Understanding with Benin Electricity Distribution Company (BEDC), in order to restore light to the affected area. Signing the memorandum, the SSG, Dr Adelola, lauded the people for their patience, while calling on them not to vandalise electrical installations and promptly pay their indebtedness as agreed upon in the memorandum.

http://tribuneonlineng.com/ondo-begins-bitumen-exploration-with-10000-barrels-per-day

9 Likes 1 Share

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by shamack: 7:11am On Apr 21, 2016

Actually nt interested in the stowie... Jst want to knw how many Nigerian labour will be employed

18 Likes 1 Share

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by georjay(m): 7:11am On Apr 21, 2016

Hmmm

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by PiccoloBrunelli(m): 7:13am On Apr 21, 2016

Nice...nice.

5 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by hisgrace090: 7:14am On Apr 21, 2016

Yes this is good, Resource control loading.

20 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Beremx(f): 7:14am On Apr 21, 2016

nice one! no more dependence on oil revenues.

39 Likes 1 Share

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by afroniger: 7:15am On Apr 21, 2016

Finally!

8 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by adegunwa4real(m): 7:16am On Apr 21, 2016

Finally....some good news!

14 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by RoyalBlak007: 7:18am On Apr 21, 2016

now thats

[color=#EAC319]...a good news[/color]

6 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by princemillla(m): 7:30am On Apr 21, 2016

Other state should follow suits on their natural resources.

34 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by omenka(m): 7:33am On Apr 21, 2016

A grain of rice doesn't fill the bag or tip the scales but it helps.
Hope other states follow suit.

22 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Sheenor: 7:42am On Apr 21, 2016

Good one coming from Ondo state government.... Hopefully, other states will start exploring their own natural resources too.... 9ja go better....

24 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by ORACLE1975(m): 7:51am On Apr 21, 2016

Mimiko dey work APC dey cry

I remain loyal to PDP

16 Likes 1 Share

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by mrvitalis(m): 7:54am On Apr 21, 2016

I hope the money will go to the federal government too? ? And the state given 13% and the rest shared to the 36 states

39 Likes 2 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Nobody: 8:08am On Apr 21, 2016

It's high time ...Mimiko finally woke up from slumber Yeye Governor

8 Likes 1 Share

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Nobody: 8:10am On Apr 21, 2016

Good news but when are we going to start exploring our own recources and process them by ourselves.

4 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by olafum1(m): 8:12am On Apr 21, 2016

Since

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by superstar1(m): 8:40am On Apr 21, 2016

Bitumen and Oil in Ondo.

Gold, tourism and crop production in Osun.

Industrial revolution in Ogun

Food production in Oyo

Financial and commercial nerve centre in Lagos

Crop production and tourism in Ekiti.

It can only get better for the blessed land of Oduduwa.

123 Likes 12 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Nobody: 8:56am On Apr 21, 2016

At the end, most of the proceedings will go to abuja and peanut will be given to the state and nothing to host community after their soil amd enviroment has been destoryed....

The pain of being from resource producing community.

16 Likes 3 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by RockHard: 9:35am On Apr 21, 2016

Wow. Nice and impressive. This is front page worthy mehn. Mynd44, Lalasticlala, do this thread justice.

1 Like

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Nobody: 9:50am On Apr 21, 2016

Ondo province has the largest deposit of bitumen in Africa ... if only we have a proactive government, by now, we would be talking about billions in investment

9 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Rossikki: 10:02am On Apr 21, 2016

Enugu state needs to revive its coal mining industry.

7 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by NavierStokes(m): 10:04am On Apr 21, 2016

Production or exploration @OP

2 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by kingzizzy: 10:27am On Apr 21, 2016

superstar1:
Bitumen and Oil in Ondo.

Gold, tourism and crop production in Osun.

Industrial revolution in Ogun

Food production in Oyo

Financial and commercial nerve centre in Lagos

Crop production and tourism in Ekiti.

It can only get better for the blessed land of Oduduwa.

What's the point of all that when they can't do without 'one Nigeria'?

16 Likes 2 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by omowolewa: 11:00am On Apr 21, 2016

Good news,
APC would be like, 'our government would have added value to it before export'.

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Sunnycliff(m): 11:10am On Apr 21, 2016

This is what we crave for and not oil exploration in the Chad basin!

2 Likes

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by Sunnycliff(m): 11:11am On Apr 21, 2016

kingzizzy:
What's the point of all that when they can't do without 'one Nigeria'?

Best comment on this thread!

15 Likes 2 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by EmmaOgbu(m): 11:12am On Apr 21, 2016

Ooo

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by omusiliyu(m): 11:12am On Apr 21, 2016

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by ajoskele(m): 11:12am On Apr 21, 2016*

Some of us just come on Nairaland to type anything just to make front page. Please if you do not have detailed information about things, try to find out.

First and foremost, no state has the right to exploration and exploitation without FG involvement.

Secondly, the company Liquefied Resources, a coy based in Spring, Texas as at this time yesterday had no functional website, no project completed etc. When we cried out about the lies and fraud in this, the website developer of AAUA(Ondo state uni) hurriedly hosted one site for the company. As a matter of fact, the coy was registered in February 2012.

However, Thomas Elard Cooley, the acclaimed President of the coy, is a Houston-based 75year old man with no track record of exploration and exploitation of any mineral resources. The LinkedIn account of the Nigerian Subsidiary MD, Tony Amechi James, says he has been with the coy since 2006. A company registered 2012, just four years ago! Hmmmm

Mimiko and his boys have really dealt with us. The deceit and recklessness is killing us. They could not even package their 'robbery' well. A certain Adesanya Abayomi wrote on ODSG website the coy is from Canada on 19th and America the second day.

We have been fooled two times. This time around, Ondo people are saying no to iroko. A wild tree lives in the wild!!

34 Likes 10 Shares

Re: Ondo Begins Bitumen Exploration With 10,000 Barrels Per Day by obailala(m): 11:13am On Apr 21, 2016

How much does a barrel of bitumen cost?

1 Like

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