Posted by – NNPC is putting last touches to a
comprehensive framework designed to
herald the intensification of exploration
activities in the Chad Basin
– According to the fresh reports, the
petroleum corporation has so far drilled 23
wells, 21 of which have potential of full
prospects of oil
– Nigeria engaged a British company into
the exploration that is already working in
the Lake Chad region to put efforts together
Moves by the Nigerian government to build
up the nations proven oil reserve through
exploration of new frontiers received a fresh
thrust with the news that the Nigerian
National Petroleum Corporation (NNPC) as
21 oil wells out of the 23 drilled so far have
potential of full prospects of oil.
The report from the NNPC showed that a
total of 23 oil wells have already been drilled
by mining oil companies that have been
involved in oil exploration in the North in the
past 30 years.
While only 2 of them were reportedly hit a
dry run, 21 other wells were said to hold
prospects of oil.
READ ALSO: Buhari directs to intensify oil
search in north-east
The statement from the NNPC also said that
the exploration of the oil in the North has,
so far, gulped a shocking sum of about N27
billion and $340 million correspondingly.
The corporation is reportedly expecting to
receive more money into the quest – in
compliance with the recent presidential
directive to resume oil exploration in the
North.
The statement reads in part: “ Discoveries
made in neighbouring countries in basins with
similar structural settings are: Doba, Doseo
and Bongor all in Chad amounts to over 2
Billion barrels (Bbbls); Logone Birni in
Southern Chad and Northern Cameroon, over
100 Bbbls; and Termit-Agadem Basin in Niger
totals over 1Bbbls.
“Already the NNPC New Frontier Exploration
Services Division which is leading the charge
for crude oil find in the entire Inland Basins
is acquiring 3,550 sq km of 3- D seismic
data for processing and interpretation in
addition to the already acquired 6000km of
2-D data that is currently being
reprocessed.”
“The search is not limited to the Chad Basin
alone but covers extensive inquest in the entire
Nigerian Frontier Sedimentary Basins which
includes- The Anambra, Bida, Dahomey,
Gongola/Yola and the Sokota Basins alongside
the Middle/Lower Benue Trough.’’
READ ALSO: Niger Delta group strikes again,
threatens Okorocha
The attacks of the Niger Delta militants in
the south of Nigeria reduced oil production
and partially caused the country’s recession.
Following this President Muhammadu Buhari
two months ago directed the NNPC to
escalate search for oil in the north-east.
The administration started the long-term
planned exploration of crude oil in the north-
eastern part of Nigeria which will reduce the
pressure on the Niger Delta region.
In a related development the Chief of Naval
Staff Vice Admiral Ibok-Ete Ibas said the
Nigerian Navy had commenced deployment
of its personnel to the Lake Chad Basin
Naval post to protect Nigeria’s territorial
interest on the Lake bordering Nigeria and
countries in the Sahel region commenced
last month.
comprehensive framework designed to
herald the intensification of exploration
activities in the Chad Basin
– According to the fresh reports, the
petroleum corporation has so far drilled 23
wells, 21 of which have potential of full
prospects of oil
– Nigeria engaged a British company into
the exploration that is already working in
the Lake Chad region to put efforts together
Moves by the Nigerian government to build
up the nations proven oil reserve through
exploration of new frontiers received a fresh
thrust with the news that the Nigerian
National Petroleum Corporation (NNPC) as
21 oil wells out of the 23 drilled so far have
potential of full prospects of oil.
The report from the NNPC showed that a
total of 23 oil wells have already been drilled
by mining oil companies that have been
involved in oil exploration in the North in the
past 30 years.
While only 2 of them were reportedly hit a
dry run, 21 other wells were said to hold
prospects of oil.
READ ALSO: Buhari directs to intensify oil
search in north-east
The statement from the NNPC also said that
the exploration of the oil in the North has,
so far, gulped a shocking sum of about N27
billion and $340 million correspondingly.
The corporation is reportedly expecting to
receive more money into the quest – in
compliance with the recent presidential
directive to resume oil exploration in the
North.
The statement reads in part: “ Discoveries
made in neighbouring countries in basins with
similar structural settings are: Doba, Doseo
and Bongor all in Chad amounts to over 2
Billion barrels (Bbbls); Logone Birni in
Southern Chad and Northern Cameroon, over
100 Bbbls; and Termit-Agadem Basin in Niger
totals over 1Bbbls.
“Already the NNPC New Frontier Exploration
Services Division which is leading the charge
for crude oil find in the entire Inland Basins
is acquiring 3,550 sq km of 3- D seismic
data for processing and interpretation in
addition to the already acquired 6000km of
2-D data that is currently being
reprocessed.”
“The search is not limited to the Chad Basin
alone but covers extensive inquest in the entire
Nigerian Frontier Sedimentary Basins which
includes- The Anambra, Bida, Dahomey,
Gongola/Yola and the Sokota Basins alongside
the Middle/Lower Benue Trough.’’
READ ALSO: Niger Delta group strikes again,
threatens Okorocha
The attacks of the Niger Delta militants in
the south of Nigeria reduced oil production
and partially caused the country’s recession.
Following this President Muhammadu Buhari
two months ago directed the NNPC to
escalate search for oil in the north-east.
The administration started the long-term
planned exploration of crude oil in the north-
eastern part of Nigeria which will reduce the
pressure on the Niger Delta region.
In a related development the Chief of Naval
Staff Vice Admiral Ibok-Ete Ibas said the
Nigerian Navy had commenced deployment
of its personnel to the Lake Chad Basin
Naval post to protect Nigeria’s territorial
interest on the Lake bordering Nigeria and
countries in the Sahel region commenced
last month.
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| Article Name | NNPC discovers 21 wells full
of oil in North |
| Description |
|
| Author Name | Head Admin |
| Published On | 10/11/2016 |
| Post Category |
NEWS AND GOSSIP
|
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