Skip to main content

Why we won't stop oil exploration in north - NNPC GMD

- NNPC has said it would continue oil exploration in the northern part of the country

- The commission's GMD, Maikanti Baru, noted that oil exploration in the north would continue until the commodity is found

- Baru also said that President Muhammadu Buhari had personally urged the corporation to go back to exploration on the Kolmani River 2 well

Maikanti Baru, the group managing director of the Nigeria National Petroleum Corporation (NNPC), has said that oil exploration in the north would continue until the commodity is found.

The Sun reports that Baru said this would enable the NNPC to do massive appraisal of the discovery of gas reserves made in 1999 in the region.

Legit.ng gathered that the Baru, who was in Kaduna for the 40th edition of the Kaduna International Trade Fair, said the corporation is working on the Kolmani River 2; with optimism and high expectation.

READ ALSO: NAIJ.com upgrades to Legit.ng: a letter from our Editor-in-Chief Bayo Olupohunda

He said President Muhammadu Buhari had personally urged the corporation to go back to exploration on the Kolmani River 2 well, and that drilling has been going on smoothly.

The GMD said that as at Wednesday morning, April 3, the corporation has dug 10,075 feet deep well with a target to reach 14,270 feet exploration.

“The main purpose of this well is to start some massive appraisal of the discovery that was made way back in 1999 of some gas reserves in Kolmani River 1 and, so far, the drilling has been going on smoothly to enable exploration.

“We will do the needful. If we need to probe any particular section, we will take our time to do it.

“Our target date is to see that by the end of May, we complete exploration on that particular well and move to Kolmani River III, which site is almost ready for the rigs to move there and from there, we move to other locations,” he said.

Earlier, the GMD said that provides an opportunity for stakeholders and long term exhibitors like NNPC to take stock of their participation through the years, with a view to consolidating on areas of strength, while working on avenues for improvements.

Baru said the loss of agriculture to crude oil exploitation has retarded local industries that feed on agricultural produce as feedstock, prominent among which were the textiles industry, as well as tanneries in the north.

READ ALSO: ACF urges Buhari to end kidnapping, killing in Nigeria

Meanwhile, Legit.ng had previously reported that the Nigerian National Petroleum Corporation said that the ex-depot price of Premium Motor Spirit (PMS) also known as petrol remains N133.28 per litre.

NAIJ.com (naija.ng) -> Legit.ng Same great journalism, upgraded for better service!

Nigerians set 2nd term agenda for President Buhari | - on Legit TV

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 http://bit.ly/2TWPzgP
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

Dust haze weather to prevail on Thursday, December 27

- The Nigerian Meteorological agency (NiMet) predicts thick dust haze weather conditions over most parts of the country - NiMet predicts northern states would experience dust haze - The agency also predicts early morning mist/fog is expected over the coastal cities The Nigerian Meteorological Agency (NiMet) has predicted thick dust haze weather conditions with reduced visibility over most parts of the country on Thursday, December 27. NiMet’s Weather Outlook on Wednesday, December 26, in Abuja, revealed that the central region of the country would record dust haze condition with visibility range of two to five kilometres throughout the day. It added that day and night temperatures of 27 degrees Celsius to 34 degrees Celsius and 10 degrees Celsius to 20 degrees Celsius, respectively, would prevail over the region. READ ALSO: Police reportedly arrest Badeh’s alleged killers The agency predicted that the northern states would experience dust haze with visibility range of two to fi...
Post a Comment
Read more

N2.5bn Fraud: You Have Case To Answer, Appeal Court Tells Suspended NBC Boss, Kawu

The Director General of the National Broadcasting Commission, NBC, Ishaq Kawu. The Court of Appeal, sitting in Abuja, has dismissed an appeal filed by the suspended Director-General of the National Broadcasting Commission, Dr Moddibbo Kawu, challenging the decision of the Federal High Court, to dismiss the no-case submission he filed at the lower court. The Independent Corrupt Practices and Other Related Offences Commission had charged Kawu, Lucky Omoluwa (late Chairman of Pinnacle Communications Ltd) and Dipo Onifade, Chief Operating Officer of the same company, before Justice Folashade Ogunbanjo-Giwa, on a 12-count charge of money laundering. Is'haq Modibbo Kaw THISDAYLIVE The suspended NBC boss and his co-accused then approached the appellate court to reverse the judgment of the Federal High Court. The appellate dismissed the no-case submission filed by Kawu and his co-accused and held that they had an explanation to give when he elected to facilitate the payment of ...
Post a Comment
Read more

Buhari’s Legacy Of Recessions By Fredrick Nwabufo

Fredrick Nwabufo ‘Why always Buhari?’ As it was in 1984 under General Buhari, so it is in 2016 and 2020 under President Buhari? Is it by the unfortunate hands of kismet that recession hits Nigeria every time Buhari takes charge of the country’s affairs? If the recession of the 80s under Buhari was a conspiracy by economic and political factors, to what do we attribute that of his first coming as a civilian President — and now in his second coming? Why does pestilence scourge the land, hunger ravage the population and lives lost malevolently when Buhari presides over the country? Why always Buhari? Buhari’s undoing is his wonted predilection for hierarchising ethnicity, religion and loyalty above competence. Since 1999, no President has obtrusively shown a more nepotistic aspect than Buhari. It is unarguable that the President arrays the most competence-challenged cabinet ever in the chronicle of governance in Nigeria. Yes, a recession cabinet. Fredrick Nwabufo Here is a cabin...
Post a Comment
Read more