Oil Exploration: Baru Meets Gov. Gaidam - Welcome To Ejitex News & Tech Portal

Welcome To Ejitex News & Tech Portal

Technology, Browsing Tips, Beauty Tips, Business/Economy, Crime, Education, Entertainment, Fashion, Food, Kitchen, News, Politics, Real Estate News, Relationship Advice, Sports, Tutorial, Video

Untitled

Post Top Ad

NOTE: This Website is owned by me (EJITEX) no third party, and this Website is sponsored by Google Adsense (GA).

CAUSION:This Website may contain (s) links that redirects to another website (s) that are not owned or controlled by Ejitex, Please be aware that we are not responsible for the privacy practices of such other websites or third-parties and please Don't forget to comment and share this post you are about to read to your social media accounts also share to your love ones on social media.

Oil Exploration: Baru Meets Gov. Gaidam

Oil Exploration: Baru Meets Gov. Gaidam

Share This


As part of strategies to shore up the nation’s reserve base, the Nigerian National Petroleum Corporation (NNPC), will reinvigorate exploratory activities in the seven hydrocarbon basins in the country according to Group General Manager ,Group Public Affairs Division

NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this Thursday when he received the Governor of Yobe State, Alh. Ibrahim Geidam at the NNPC Towers, Abuja.

Briefing the Governor and his entourage on efforts to increase the tempo of exploratory activities in the Industry, Dr. Baru stated that modalities were on to open up all the basins in the country to prospective investors.

“We are on target and we are looking at the prospectivity of the whole basins of Niger Delta, Chad, Anambra, Benue Trough, Benin, Sokoto and Bida. We are focused on delivering on these basins in line with our mandate,” Dr. Baru affirmed.

The GMD said preliminary exploratory activities had indicated some signs of hydrocarbon in eastern Yobe of the Chad Basin, adding that once the Corporation received security clearance, the 3D seismic data acquisition in the area would continue as scheduled.

Dr. Baru noted that modern technology would be deployed in the exploration of the Yobe section of the Chad Basin similar to that deployed in the Borno side of the Chad basin.

He revealed that exploratory activities executed in the Benue Trough in the 1990s had indicated presence of hydrocarbon in the region, adding that attempts which were made under Production Sharing Contract arrangements had involved Shell, Chevron and Agip, which had drilled a well each in the region.

He added that already the NNPC had identified some leads and prospects that are going to be tested through drilling ahead of the resumption of the Chad Basin exploratory activities.

Earlier, Yobe State Governor, Alh. Geidam, said his visit was informed by the commitment of President Muhammadu Buhari’s government to increase Nigeria’s oil reserves through exploration of oil and gas in the Chad Basin, adding that the policy direction of the Federal Government was of interest to the state because the basin covers a large area including Yobe State.


“My visit is a follow-up to our request on exploration of oil in the Yobe section of Chad Basin. The assurance which you gave that the exploration for hydrocarbon deposits in part of Yobe State was being considered has reinforced our resolve to work with you on diversifying the sources of national economy for improved revenue generation,” Alh Geidam stated.

Alh. Geidam said he appreciated the critical role of the Oil and Gas Industry in the national economy, stressing that the reforms introduced by Dr. Baru since assumption of Office had created unprecedented developments in the industry.

The Yobe State Governor listed the gains of the reforms to include stemming the incessant scarcity of Petroleum products, increase revenue accruable from the Oil and Gas Sector to the Federation Account and the leap in the contribution of the Nigeria Liquefied Natural Gas to the national economy.

No comments:

Post a Comment

Post Button Ad

EJITEX will soon be among where people around the world will be downloading music online. To Know More About EJITEX Check On Our Contact Us, About Us, Privacy Policy and Terms and Conditions also to Subscribe to receive our newsletter screw down Enter your email address and click Subscribe.