Goodluck Opiah, Coordinator for Petroleum and Gas Matters to the Imo State Governor, on Monday said the Imo State Government had recovered 43 oil wells hitherto ceded to the neighbouring Rivers State.
While speaking in Owerri, he said that the economy of the state was looking bright and expected to improve.
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.
Furthermore, he reveled that the development now placed the state as the 4th largest oil producing State in the country.
Opiah said that the recovered 43 oil wells were going to improve the revenue of the State, and that the recovered 43 oil wells signified the preparedness of the governor to correct the ills of the past.
“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.” He said.
