Nigeria: Oil Exploration in the North to Continue Till Oil is Found – GMD NNPC

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Nigeria: Oil Exploration in the North to Continue Till Oil is Found - GMD NNPC

Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said oil exploration in northern Nigeria will continue till it is found.

He said this will enable the NNPC to do a massive appraisal of the discovery of gas reserves made in 1999 in the region.

Dr. Baru who was in Kaduna for the 40th edition of the Kaduna International Trade Fair said the corporation was working on the Kolmani River 2 with optimism and high expectation.

He said President Muhammadu Buhari had personally urged the corporation to go back to exploration on the Kolmani River 2 Well and drilling has been going on smoothly and that as of Thursday morning, the corporation had dug 10,075 ft deep with a target to reach 14,270 ft 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.

“Well, 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 3 which site is almost ready for the rigs to move there and from there we move to other locations,” he said.

Earlier the GMD in his speech at the fair said it 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.

Dr. Baru said the loss of agriculture to crude oil exploitation had retarded local industries that feed on agricultural produce as feedstock, prominent among which he said are the textiles industry as well as tanneries in the North.

On product availability, the NNPC GMD said as a supplier of last resort, the corporation would continue to ensure that the nation is wet with “white products” that enable local business movements of goods and services are guaranteed.

As published by SunNewsOnline

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