Stein Bock Liberia: Potential Stakeholder in Oil, Gas Sector

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Stein Bock Liberia, a company mining barite in Liberia, maybe a potential stakeholder in the oil and gas industry, while maintaining that it is developing resources to supply barite to a number of its clients in Africa.

The company’s Africa Project Manager, William Voaden, said it has the full potential to produce the end product in Liberia for Chevron and others to take straight to the drilling rig. By doing so, it would be employing people.

From what has been gathered by this paper, hundreds of dollars have been infused in the company’s investment package in setting up Stein Bock Liberia.

“To date,” Voaden said, “the company is in full preparedness to hold talks with relevant authorities in the government, including President Ellen Johnson-Sirleaf, to follow up on her visit to Chevron rig to explain about the barite and Stein Bock expertise in the trade of barite on the international market.”

“We know the barite business and we would like to contribute to supplying barite to the drilling rigs and if circumstances are favorable we could look to see whether we could put in a mill in the Buchanan area so that we could produce the end product for Chevron to take straight to the drilling rig and employ more people,” Voaden said.

According to the online encyclopedia Wikipedia, some 77 percent worldwide is used as a weighting agent for drilling fluids in oil and gas exploration. Other uses are in added-value applications which include the car, electronics, TV screen, rubber and glass ceramics and paint industry, radiation shielding and medical application.

Voaden explained that barite in Liberia is of good quality but is expensive to extract because it is in small vein underneath the surface and therefore it needs a lot of exploration and mining to get the barite out from the clay.

 “Part of the challenge for us today is to try to find the reserve and also be able to fit into the community and we are very pleased with the progress thus far,” Voaden told this paper.

With 97 percent of the company entire workforce Liberians, Stein Bock Liberia currently maintained two working sites—Salala and the other one just across the rubber plantation, site 4—where a 15 kilometer road was constructed and is currently being used by residents in the area as well.

Similarly, in an attempt to improve the learning environment in which the company currently operates, citizens from Dorkor Town and parts adjacent are currently constructing a school building from funds being provided by the company as part of its social contribution.

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