Oloibiri is a small community in Ogbia LGA located in
Bayelsa State, in the eastern Niger Delta region of Nigeria.
Nigeria first commercial oil discovery was made at (Otuabagi/Otuogodi) in Oloibiri district by Shell Darcy Cooperation on Sunday 15th January, 1956.
The well was completed in June 1956 dug to a depth of 12,008ft.
THE MISCONCEPTION
The location/site of this discovery is being credited to Oloibiri, but Otuabagi/Otuogodi are the actual places where this discovery and subsequent oil wells happened and constructed.
Oloibiri had the credit of this history to its name because it was the areas' district HQ at the time. This made the company name it after Oloibiri as seen in the photos.
Source: www.nairaland.com/3244339/oloibiri-where-nigerias-crude-oil
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