Imo Predicts Economic Boom Over 43 Oil Wells Recovered From Rivers

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The Imo State Government on Monday said it had recovered 43 oil wells hitherto ceded to the neighbouring Rivers State.

The Coordinator for Petroleum and Gas Matters to the Governor, Goodluck Opiah, who spoke in Owerri, said that the economy of the state was looking bright.

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According to Opiah,  22 oil wells were recovered from the Mgbede Field in Egbema, Ohaji/Egbema Local Government Area, and 21 oil wells from the Akri Field in Oguta LGA.

He reveled that the development had placed the state as the 4th largest oil producing State in the country.

Opiah noted that the recovered 43 oil wells would improve the revenue of the State, adding that the recovered 43 oil wells signified the preparedness of the governor to correct the ills of the past.

He said, “The oil wells were hitherto ceded to Rivers State. The ugly situation affected the revenue base of the state as we were recorded as one of the lowest oil-producing states in the country. But with the recovery of the 43 oil wells, the story has changed, as we have become the 4th largest oil-producing state.”   

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