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Drilling of two wells in B-80 block has completed: P Elango, MD, HOEC

Drilling of two wells in B-80 block has completed: P Elango, MD, HOEC
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P Elango, Managing Director, HOEC, talks about increasing crude prices & their impact on HOEC, B-80 block, Hardy Exploration & Production as well as Kharsang Oil Field and CapEx during a candid chat with Swati Khandelwal, Zee Business. Edited Excerpts:
Q: Crude prices have reached around $70 per barrel. What impact will it have and what are your expectations related to crude prices?
A: Really what happened is in January is Russia and Saudi Arabia did a very surprise announcement of cutting their production by one million barrels during February and March. This action which is taken by Saudi Arabia almost after several years without consulting OPEC sent a very strong signal in the market after which you saw the oil prices rallying upwards. The other factors that are happening are before the COVID hit the world an average of 100 million barrel of oil demand ....

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BREAKING!!! AGF Approves Probe Of International Oil Companies In Niger Delta – Igbere TV

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The Honourable Minister of Justice/Attorney General of the Federation Abubarka Malami SAN, has approved a petition filed by Comrade Agi Bestman for a holistic Investigation against the International Oil companies in the Niger Delta Region.
IGBERE TV gathered that Investigation boarders on Land Grabbing from 1968 to 2018. MOU Implementation Report sent to NAPIMS from 2004 to 2018,CSR Implementation Report sent to NAPIMS from 2004 to 2018.
This was contained in a letter we sighted, signed by the Director Citizens Rights Department at the Federal Ministry of Justice on behalf of the Honourable Minister of Justice Attorney General of Federation, the letter was sent to Comrade Agi Bestman from Rivers State, who doubles as the petitioner and the National Coordinator. ....

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