NNPC DISCOVER 21 POSSIBLE OIL WELLS IN THE NORTH!

According to the fresh reports, the petroleum
corporation has so far drilled 23 wells, 21 of
which have potential of full prospects of oil.
NNPC is putting last touches to a
comprehensive framework designed to herald
the intensification of exploration activities in
the Chad Basin
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.
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.’’
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.




Sourced and edited by DANIEL IKECHUKWU EKWUNIFE (08066298797)