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The Host Communities Producing Oil and Gas (HOSCON), yesterday, said it had discovered no fewer than 50 oil wells in about 12 communities in Anambra state waiting for exploration.
The state chairman of HOSCON, Anthony Chiokwe who disclosed this yesterday during their general meeting at Nsugbe in Oyi Local Government Area, said contrary to the allusions by some people that the oil in the state was not found in commercial quantity, if the 50 oil wells could be harnessed, a lot of revenues would be generated by both the federal and state governments, as well as the host communities.
He explained that most of the oil wells were discovered by Shell Development Corporation in the past years, while Sterling Global Resources, an Indian company is currently exploring one of the 16 oil wells at Ogwu-Ikpelle, just as Orient Petroleum resources is busy exploring some other oil wells in Anambra West, Anambra East and Ayamelum council areas of the state.
In his speech, the Deputy Chairman, Onyilegbe appealed to the state government to urgently set up an Oil Development Commission like in other oil producing states, to enable the federal ministry of petroleum resources pay the federal government approved 13 percent oil derivation fund to the state, for onward transmission to the host communities.

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ochuko

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By ochuko

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