Top Oil Magnate, Dumo Lulu-Briggs’ New Monstrous Expansion

The Chairman of Platform Petroleum, Dumo Lulu-Briggs, is a shrewd businessman, no wonder he has succeeded where others failed. There is no gainsaying that the oil magnate’s  ingenuity and innovations have set him far apart from his contemporaries. He has brought some inventions to the oil and gas sector in the country.

The Rivers State born  plies his trade in such a way that makes many of his competitors green with envy. Indeed, he enjoys uncommon grace so much so that he now sits atop a multi-billion-naira conglomerate with various subsidiaries in oil & gas, property, real estate, among others.

If you describe him as a social entrepreneur extraordinaire, one will not be faulted.

His visionary mindset and astute business acumen have allowed him to navigate the complexities of the Nigerian market and foster collaborations with leading international companies.

This, not only speaks to his own success, but also showcases the immense potential and possibilities that lie within Nigeria’s business landscape.

This has helped the highflying oil mogul to rule and conquer the industry  and he continued to soar higher. However, if you think the gangling and handsome dude that has just celebrated his 60th birthday has slowed down, you are mistaken.

Society Watch gathered that his leading  indigenous energy company, recently  announced ambitious plans to significantly enhance Nigeria’s oil and gas output, with a potential investment of a huge sum of $1 billion in the sector.

As  revealed,  as part of its growth strategy, the company is upgrading its flow station capacity at the Egbaoma field in the Niger Delta Basin, aiming to increase production from 3,000 to 10,000 barrels of oil per day (bpd) and from 30 million to 60 million standard cubic feet of natural gas per day by 2025.

The Egbaoma field, operated by Platform Petroleum, is one of 24 marginal fields farmed out to indigenous oil companies in Nigeria.

Since commencing production, the company has carried out nine workover operations, drilled three wells, and executed two sidetracks. These efforts reflect Platform Petroleum’s commitment to optimizing the field’s output, in collaboration with its other partners.