Oil and Gas
Aiteo resumes production after Nembe Field Oil leak
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, has resumed production after it shut down following an oil leak at its facility in the Nembe Creek, Bayelsa State. Recall that the indigenous oil firm, had earlier in week confirmed a spill at the Nembe swamp facility in OML 29. The leak, according to the company, occurred during routine operations prompting the immediate activation and shut down of all production at the facility by its Oil Spill and Emergency Response Team. However, a Spokesperson, for the oil firm Matthew Indiana, in a statement, on Saturday confirmed the resumption of production in the area. He said: “AEEPCO will reopen its facilities for production while continuing other statutory spill management protocols concurrently.
“Consequently, AEEPCO’s Group Managing Director, Victor Okoronkwo, in the update stated: After a comprehensive evaluation of our operations and infrastructure at the Nembe Swamp Field, we are delighted to confirm the resumption of production activities. Our dedicated team has worked diligently to address the issues caused by the recent incident and implemented enhanced safety protocols to prevent future occurrences. We have engaged with regulatory bodies, local communities, and stakeholders to ensure transparency and accountability throughout this process.”
-
Economy17 hours agoNAICOM hosts Takaful advisory council, reaffirms commitment to Takaful insurance development
-
Finance17 hours agoPFA recapitalisation deadline still June 2027–PenCom
-
News17 hours agoMAN applauds FG’s ban on wood exports
-
Economy17 hours agoFG projects 2026 deficit at 4.28% of GDP as Tinubu proposes N58.18trn spending plan
-
Finance17 hours agoFCMB gets shareholders’ consent to raise additional N400bn
-
Stock Market17 hours agoOtedola acquires additional First Holdco shares with N14.8bn
-
News17 hours agoFCCPC unseals Ikeja Electric Headquarters following undertaking
-
Economy17 hours agoAfDB, Nedbank sign multi-billion-rand funding partnership to transform housing access, boost African trade
