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The state quota of oil exploration and production had nosedived at the height of the militant activities along the waterways and creeks as oil multinationals, including the SPDC pulled out of the oil platforms and the leading position of the state as an oil producing state, dropped behind Akwa-Ibom, Rivers and Delta states.
But the management of the SPDC led by the Managing Director, Mutiu Sumonu, on Wednesday, announced to the State Executive Council (SEC) that the production data before the company has shown an appreciable increase from 12,000 barrels per day to 100,000 in the state.
The Sumonu-led SPDC management also predicted a remarkable increase in the next few months to 150,000 per barrel a day and in 2010,the state may hit its former height of 250,000 barrels per day.
Speaking on the visit of the SPDC management, the Commissioner for Information, Orientation and Strategy, Chief Asara .A.Asara, said though they are happy about the development, the governor is intensifying effort on some aspects of the Petroleum Industry Bill (PIB) which relate to the state.
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