x

NNPC To Resume Oil Search In Lake Chad Next Week – Kyari

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari has said that they will resume oil search in Lake Chad next week.

Kyari who made the announcement on Monday, May 15, during a courtesy visit to the Abuja headquarters of Media Trust Group (MTG), said oil search in the Lake Chad basin was stalled for over five years due to insurgency in the North East.

He said the discovery of oil in viable commercial quantities in Kolmani River (upper Benue trough) between Gombe and Bauchi states last November gave positive signals for more efforts in Lake Chad.

Kyari said;

“It was the Kolmani that helped us to locate a position in Nasarawa State. It is the same reason that by next week, we’ll spud in another well in the Chad Basin. Mr President directed us over a year ago that we should go back to the Chad Basin and continue exploration work.

“Security of our workers is the most important element of our work. We have assessed the environment and we know that substantial peace has been regained in the Chad Basin. Communities have returned to their locations and their villages. You do not hear of incidents and there is substantial containment of this.

“And we’re also working very closely with the security agencies; the state government to make sure that staff are safe, our equipment are safe. I will have no doubt that the safety of our staff is assured and that’s why we are going back because there is relative safety in the location.”

On the status of the discovered oil in Kolmani and the search in Ebenyi A, Kyari said;

“Our first focus is to deliver the in situ refining experiment and when Mr President flagged off the Kolmani River well, we promised we will get it done in 36 months and we’ll deliver it. Our rig is drilling in Nasarawa and our team is on site, continuously working and we are very optimistic.”

Hot this week

Bauchi State at 50: Dogara Salutes Cradle of Excellence

Fifty years after its creation in 1976, Bauchi State...

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

Alleged N868.4m Fraud: Court Fixes February 10 for Ex-Acting AGF’s Cross-Examination

By Francis WilfredThe Federal High Court sitting in Maitama,...

Snakebite: FCTA Assures Residents of Availability of Antivenom in Hospitals

By Joyce Remi-BabayejuThe Federal Capital Territory Administration (FCTA) has...

Olukoyede Cautions REDAN against Exposure to Financial Crimes

By Francis WilfredThe Executive Chairman of the Economic and...

“Strategic Leadership At Its Best”: GMI Hails Tinubu’s Diplomatic Gains, Urges Final Push Against Banditry

The Grassroots Mobilisation Initiative (GMI), has commended President Bola...

CIBN Commends Gov. Otti on Economic Growth, Poverty Reduction in Abia

The Chartered Institute of Bankers of Nigeria (CIBN) has...

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

Royal Father Calls for Unity in Nigerian Basketball as Stakeholders Seek Lasting Peace

Prominent basketball promoter and initiator of the Mark D...

Insecurity: Kogi Govt Orders Temporary Closure of Markets, Motor Parks

From Noah Ocheni, LokojaThe Kogi State Government has ordered...

Ododo Says Prof. Salisu Ogbo’s Achievements Earned Him VC Appointment

Kogi State Governor, Alhaji Ahmed Usman Ododo, has said...

Insecurity: Kogi Government Orders Temporary Closure of Markets, Motor Parks in Kogi West

The Kogi State Government has ordered the temporary closure...

Related Articles

Popular Categories

spot_imgspot_img