After leaving the region for 28 years, Nigeria has just started another exploration of crude oil and natural gas in the Chad Basin.
President Buhari said he was aware that crude oil and gas exploration activities had been going on in the Chad Basin since 1976, as well as the discovery of some commercial gas at the Wadi-1 well in 1985, when he spoke virtually on May 23 at the Wadi-B Drilling Campaign, which actually took place in Borno State.
“I am also aware that active drilling activities were suspended in 1995 to enable re-evaluation of exploration activities in the entire frontier basins.
“I am happy that the NNPC has since then conducted extensive Basinal Analysis and Evaluation of all frontier basins leading to the successful drilling and discovery of crude oil and gas in commercial quantities in Kolmani River 2 and providing insight to the ongoing crude oil and gas drilling campaign in Nasarawa State as well the current re-entry activities into the Chad Basin”, he said.
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According to Buhari, if the operations are successful, the nation will gain significantly.
President Buhari also expressed his gratitude to the government and people of Borno State for their assistance in guaranteeing the restart of drilling campaigns and urged security services and other stakeholders to make sure the project is a resounding success.
On his part, the Group Chief Executive Officer of NNPC Limited, Mele Kyari, said the commission is using the best standards to attain commercial discoveries of oil and gas in the region.
“NNPC Limited is committed to carrying out detailed exploration of the Frontier Sedimentary Basins using the best industry standards and technologies, with the aim of attaining commercial discoveries of crude oil and gas.
“This is a spud-in event that will reinforce the Government’s commitment to exploration in the Nation’s Frontier Basins, primarily aimed at increasing the Nation’s hydrocarbon reserves. This is a mission that we will take to deliver.
“We are very committed. It does not depend on Mele Kyari. It will work. This is a process, and this process has value, and this value will be created for everyone,” Kyari said.
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