Decklar Resources Sustains Crude Oil Trucking To ERPC In Excess Of 55,000 Barrels

Decklar Resources Inc. and its co-venturer Millenium Oil & Gas Company Limited have continued trucking of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited(ERPC), and total deliveries have now exceeded a total of 55,000 barrels of crude oil.

Trucking of crude oil has also continued to the Duport Midstream Company Limited, DMCL, refinery in Edo State, with over 8,700 barrels delivered to date.

Trucking of crude oil from the Oza Oil Field to the ERPC facility in Edo State, Nigeria has reached a cumulative volume of over 55,000 bbls, with 10,000 bbls delivered in 2022 under the initial sale and purchase agreement and over 45,000 bbls delivered so far in 2023. 

Deliveries are continuing under the 200,000 bbls contract and then terms of the 200,000 bbls agreement include an invoicing and payment cycle that is triggered as each 5,000 bbls batch is delivered and offloaded at the Edo refinery.

Delivery of crude oil has continued from the Oza Oil Field to DMCL and over 8,700 bbls have been delivered to date. DMCL has agreed to purchase up to 100,000 bbls over the next 12 months.