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NNPC Targets 40bn Barrels, Begins Exploration In 8 Niger LGAs

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The Nigeria National Petroleum Corporation (NNPC) efforts in oil exploration is expected to grow Nigeria’s reserve to 40 billion barrel by 2023 as it confirmed the commencement of oil finds in eight of the 25 local government areas of Niger state.

The NNPC Group Managing Director (GMD) Mallam Mele Kolo Kyari who was represented by group general manager Frontier Exploration Services, Abdullahi Bomai stated this yesterday during a visit to Governor Abubakar Sani Bello of Niger state, to unveil the 2D seismic data acquisition in Bida and Sokoto basin.

He said an indepth geological and geochemical studies showed that there are strong hydrocarbon bearing indicators that have been confirmed as oil and gas bearing formations in eight local governments, which extends to two other local governments in Kwara state and one in Kogi state.

The local government areas where exploration activities will commence are Mokwa, Lavun, Gbako, Bida, Katcha, Agaie, Edati and Lapai, just as the NNPC boss added that in the course of conducting the operations, a lot of skilled, semi-skilled and unskilled workers would be engaged.

According to him, “Based on the need for exploration in the Bida Basin, NNPC management has graciously approved the award of contract to Integrated Data Services Limited (IDSL) and their alliance partners (BGP/CNPC International Nigeria limited) to embark on immediate Seismic Data Acquisition to further unravel the presence of hydrocarbons in the Bida Basin.

We are indeed delighted for the opportunity of today’s visit to inform you of the activities of NNPC/FES and also to solicit for your support”.

He said significant progress is being made in the ongoing exploration of inland basins, with a realistic and achievable target of growing the nation’s reserve to 40 million by year 2023.

The NNPC boss said, “Today, we are glad to inform you of the commencement of hydrocarbon exploration in the sedimentary section of Niger state”.

He therefore sought for the support, cooperation and participation of the state and local governments, traditional rulers and community leaders towards achieving the national mandate, adding that the deployment of light and heavy machineries will soon commence in the state.

The governor expressed happiness over the realization of the project and stressed the need for the Corporation to pay adequate compensation to people who would be affected by the exploration.

“We are all excited over the good news of the oil exploration. As you know, research in the development of the Bida basin has been on for some times. We are however happy that the NNPC is seeing to the success of the project. We are hopeful that Niger state will join the oil producing states”, he declared.

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