Nigeria loses $5.1m daily as communities shut eight flow stations in Delta

Nigeria has been losing over $5.1m daily since Friday, November 6, 2020, as the OML 30 cluster communities shut down eight flow stations that produce 80,000 barrels of crude oil per day.

The OML 30 oil fields operated by Heritage Energy Operational Services Limited (HEOSL) is said to be the most viable and largest oil block in the country.

Cluster Management Committee (CMC) of OML 30 and presidents-general of the 112 communities, told journalists that the flow-stations were shut down over HEOSL’s failure to honour agreed obligations to the host communities.

Chairman of the committee, Dr. Harrison Patrick Oboghor and Secretary, Ibuje Joseph, disclosed that HEOSL was indebted to the communities to the tune of over N2.4b, adding that the firm had not been honouring Global Memorandum of Understanding (GMoU) with the host communities.

With these host communities to the Nations rich oil installations it raises concerns why such communities still remain in a decadent state with wide spread poverty.

Analyst say better attention should be paid to the goose that lays the golden egg by ensuring that such payouts from oil companies go into the development of the host communities and are not frittered away by corruption.