• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Targets 3mbpd Crude Production As Buhari Flags Off Nasarawa Oil Exploration 

by Nse Anthony - Uko
2 years ago
in News
Buhari
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

President Muhammadu Buhari has flagged off the first drill for oil in Nasarawa State as the country targets to raise crude oil production to three million barrels per day (3mbpd) from the current 1.7mbpd.

The country is also hoping to raise its oil reserves to 50 billion barrels in the next decade. Nigeria’s oil reserves currently stand at 37.8 billion barrels.

Speaking at the flag-off of the Spud-in of Ebenyi-A Oil Well in  Obi Local Government Area of Nasarawa State, President Buhari said the government was determined to boost Nigeria’s oil production capacity by moving into new frontiers.

He pointed out that the drilling for oil in the Ebenyi-A well located in the Benue Trough “is in line of the ongoing campaign for the exploration of crude oil and gas in the nation’s frontier basins including the Chad Basin, Dahomey Basin, Anambra platforms, Calabar embankment, Sokoto Basin, Bida Basin, Benue Basin as well as ultra-deep offshore of the Niger Delta.

RELATED

Police Arraign Dubai-based Nigerian Over Alleged $307,500 Transnational Fraud

Police Arraign Dubai-based Nigerian Over Alleged $307,500 Transnational Fraud

41 minutes ago
NECO: Oyo Gov’t Warns Against Exam Malpractices

NECO: Oyo Gov’t Warns Against Exam Malpractices

1 hour ago

“Today’s occasion marks the official commencement of the exploration drilling in the middle Benue Trough. This is consistent with the commercial discovery of hydrocarbons in the Kolmani area of Upper Benue Trough”, he added.

President Buhari noted that “the consequent positive outcomes of these drilling campaigns will lead to greater prosperity for our people and especially enhance overall energy security for our Country. No doubt, the surrounding communities will particularly benefit from the value that will be created by the exploration and eventual production activities”.

Earlier, the Group CEO of Nigerian National Petroleum Company Limited, Mr. Mele Kyari explained that the industry is working to boost the country’s oil reserves to 50 billion from frontier explorations.

Kyari said NNPC was also working to raise daily production from the about 1.7 million barrels per day to 3million barrels per day.

He also expressed optimism that “the positive outcome of this campaign will contribute to national aspiration of increasing our hydrocarbon reserves from the 37 billion barrels to 50 billion barrels in the short and in the medium term, increase production targets of 3 million barrels per day”.

Kyari who also highlighted the prospect of the Nasarawa field added: “Indeed, our findings are very indicative of potential commercial hydrocarbon discovery in this area.”

The quest to find oil in Nassarawa is coming four months after NNPCL flagged off the construction of oil production and refining facility in Kolmani oul field located between Bauchi and Gombe in November 2022.

Also speaking at the event, the Governor of Nasarawa State, Engr. Abdullahi Sule said the search for oil in the area began over 10 years.

Gov. Sule who did the spud-in on behalf of President Buhari, commended the management of NNPC Limited, stressing that although the Ebenyi-A field activities began in 2010, it was in 2021 that NNPC acquired the 3D seismic data and made the oil find prospects at the site more promising.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Massive Shake-up: Khalifa, Lagbaja Leave MNJTF, 1 Division As Army Redeploys Senior Officers

Next Post

Kwara Gov, Deputy, Lawmakers-elect Get Certificates Of Return

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Police Arraign Dubai-based Nigerian Over Alleged $307,500 Transnational Fraud
News

Police Arraign Dubai-based Nigerian Over Alleged $307,500 Transnational Fraud

2025/07/03
NECO: Oyo Gov’t Warns Against Exam Malpractices
Education

NECO: Oyo Gov’t Warns Against Exam Malpractices

2025/07/03
Agribusiness: Oyo Gov’t Attracts N46bn Investment, Supports 46,000 Farmers
News

Agribusiness: Oyo Gov’t Attracts N46bn Investment, Supports 46,000 Farmers

2025/07/03
Yobe Gov’t Shuts 3 Weekly Markets Over Fear Of Boko Haram Attack
News

Yobe Gov’t Shuts 3 Weekly Markets Over Fear Of Boko Haram Attack

2025/07/03
Delta Speaker Swears In 2 New Members
News

Delta Community Leaders Reject Monarch

2025/07/03
Ramadan: Let’s Bury Ethnoreligious Biases For Peace, Gov Eno Urges Muslims
News

I’ll Serve All Irrespective Of Political Affiliations – Eno

2025/07/03
Leadership Conference advertisement

LATEST

Police Arraign Dubai-based Nigerian Over Alleged $307,500 Transnational Fraud

NECO: Oyo Gov’t Warns Against Exam Malpractices

Agribusiness: Oyo Gov’t Attracts N46bn Investment, Supports 46,000 Farmers

Yobe Gov’t Shuts 3 Weekly Markets Over Fear Of Boko Haram Attack

Delta Community Leaders Reject Monarch

Coalition: Abure LP Faction Gives Obi 48-Hour Ultimatum To Exit Party

I’ll Serve All Irrespective Of Political Affiliations – Eno

Residents Raise Concern Over Crossdressers In Enugu

5 Die In AU Helicopter Crash

Traditional Title: APC Chieftain Was Never Reinstated – Group

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.