Oil Drilling and Exploration

Nigeria presently ranks tenth in the most petroleum-rich nation, and by the far the most affluent in Africa producing about two and half million (2,500,000) barrels per day. There are about five hundred (500) oil fields in the Niger Delta. Over fifty-five percent (55%) of these are onshore, while the remaining is in the shallow waters (less than 500 metres). Of these fields, one hundred and ninety-three (193) are currently producing while twenty-three (23) have either been closed-down or abandoned.

Harvard Petroleum is in the process of expanding drilling capabilitiess to increase upstream operations. We currently own two oil fields. And in collaboration with Orient Oil, our ability to supply crude oil is greatly enhanced.

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Oil Refineries

Petroleum refineries are very large industrial complexes that involve many different processing units and auxiliary facilities such as utility units and storage tanks. Each refinery has its own unique arrangement and combination of refining processes largely determined by the refinery location, desired products and economic considerations. In addition, this uniqueness is also determined by the crude type being refined. There are most probably no two refineries that are identical in every respect. Refineries come in configurations – ranging from small topping and reforming refineries to sophisticated complex refineries. Operating capacity wise, refineries are categorized as modular capacities of 500 – 50,000 bbls/day and conventional conversion complex type with capacities above 100,000 bpsd. Some modern petroleum refineries process as much as 800,000 to 900,000 barrels (127,000 to 143,000 cubic meters) per day of crude oil.

The capacity of the Harvard Petroleum refinery will be ten thousand (10,000) barrels per day and the plant would operate at hundred percent (100 %) installed capacity for three (3) shifts of eight (8) hours shift per day working for three hundred and thirty four (334) days per annum.

Harvard Petroleum is building a highly profitable crude oil refinery business in Nigeria given the abundant oil resources inherent in the country. No doubt the demand for refined crude oil products will not plummet any time soon, which is why we are exploring all available markets for our projected products. In development are a wide range of distribution channels across Nigeria and on a global scale in order to maximize business profits.

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