shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NNPC Begins Oil Drilling In Chad Basin, Borno State

NNPC Begins Oil Drilling In Chad Basin, Borno State

by sam
May 29, 2023
in Oil and Gas

“We Found Oil Where Others Ran Away” — NNPC

Nigeria’s hopes of increasing its crude oil reserves has received a fresh boost as the state-owned oil company, the Nigerian National Petroleum Company Ltd, has commenced an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State.

The Group Chief Executive Officer Mele Kyari, who disclosed this recently, said the company was optimistic that the drilling would help in its efforts to bring prosperity to the people through the elimination of energy poverty currently threatening Africa’s biggest economy.

Kyari made the commitment at the Presidential flag-off of Wadi-B drilling campaign by President Muhammadu Buhari in Borno State.

The NNPC had stopped drilling in Wadi-B in 1995 because successes were weak and findings made during the period were not in commercial quantity.

The fresh drilling is part of the scramble for oil and gas deposits in Nigeria’s frontier basins.

Kyari said: “We understood very clearly that we need to understand the basin very well. We need to have a different approach to exploration activities in this very basin and that is why NNPC and our partners, the Ministry of Petroleum Resources and the current Upstream Regulatory Commission decided to embark on massive revaluation of all the frontier basins in the country.

“Of course, our findings have been useful. The understanding of the rift system in Nigeria enabled us to have successful outcomes in the Kolmani Area.

”It also enabled us to mobilise to Nasarawa State. Now a drilling activity is going on. It also helped us to understand the geological basin of the Chad Basin which is why we are back here.

“Now we are much more confident, we believe that this campaign will be successful and that this campaign will take us to the ultimate objective which is to increase the reserves of our country and also create opportunities around us. We believe that the time for oil and gas to vanish is still far away.

“We believe that oil and gas will continue to be principal in determination of the prosperity of our country of course more especially, providing energy security for our country.

”This can’t happen unless we have access to the resources and we are able to convert them into value and of course a new approach to doing this that is practical which is what we are doing in the Kolmani area.”

Kyari said the company and its partners would deploy the necessary technology and best approach that would enable it create value for Nigerians in the quickest possible time.

According to Kyari, NNPC Ltd, through the drilling exercise, would combat deforestation as most Nigerians who do not have access to cooking gas fell tree as an alternative for cooking.

He believed that making available cooking gas as a cleaner transition fuel would play a huge role in curbing desert encroachment in the country.

“Where ever we find crude oil, we will consider the concept of integrated production and conversion so that value can be created very quickly. Of course, there is huge energy poverty across the world and more so in sub-Saharan African countries and particularly in our country here. We know for sure that 70 per cent of our population doesn’t have access to clean cooking fuel and that is why you are seeing the effects of the frustration which is most pronounced in this part of the country.“

”The Sahara Desert moves at least a kilometre towards the Southwards area and this can’t be arrested if we dont find alternative sources of energy for the communities and this is what the oil and gas will do.

”They have found oil where others practically ran away and today, they led this regime of the knowledge of the basins in our country and of course in Africa. I am very proud of them”, he said.

Follow us on Facebook/ twitter


Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Latest News

Customs Intercepts ₦9.2bn Worth of Fake Bedroom Booster, Others

Customs Intercepts ₦9.2bn Worth of Fake Bedroom Booster, Others

July 11, 2025

Customs, NAFDAC Inaugurate Implementation Committee for 2024 MoU

Nigeria Customs Intercepts Container with Over 10,000 Donkey Genitals

Senate Hails Adeniyi’s Election as WCO Council Chair, Says It’s  a Major Win for Nigeria’s Global Trade Leadership

Oyetola Launches Door-to-Door’ Diplomacy for Nigeria’s IMO Council Bid

FG Urged To Link Warri-Itakpe Rail To Inland Ports, Road Networks

Red Sea Operation Rescues 4 More From Cargo Ship Sunk By Houthis

Shippers’ Council Set to Establish Border Information Centre at Idiroko, Bolster Trade Efficiency

NSC Boss Urges Cooperative Members to Invest in Housing for Long-Term Wealth

FAAN, Customs Intensify Efforts To Exit Grey List

Lekki Port Expands Reach with Transhipment to West African Ports, Eyes 500,000 TEUs in 2025

MAMAL 2025: MARAN Targets Maritime Fraud, Demands End to War Risk Premiums on Nigerian Trade

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition