Tag: Kolmani oil project

FG seeks fresh investors for Northern oil exploration, as 13 frontier blocks get no bids

Aminu Imam
FG on Northern oil exploration

Four years after the Federal Government announced a major oil discovery at Kolmani and pledged over $3 billion in investments, 13 oil blocks across the Chad Basin, Benue, Benin and Niger-Delta have failed to attract investors during the 2025 Licensing Round. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said only 37 of the 50 blocks offered received bids, while the remaining 13 would be returned to the licensing pool. Although the regulator described the exercise as successful, industry experts said investors deliberately avoided high-risk frontier basins in favour of producing…

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Kolmani oil project stalls under Tinubu administration

Aminu Imam
Kolmani oil project stalls

…As communities, Govs. seek clarity More than three years after Nigeria announced its first commercial crude oil discovery in Northern Nigeria, the Kolmani Integrated Development Project in Bauchi and Gombe states remains stalled, with no clear timeline for production or supporting infrastructure, raising growing concerns among host communities and regional leaders. Recall that the Kolmani project was inaugurated in November 2022 amid national fanfare, with the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) describing it as a landmark breakthrough that would rebalance Nigeria’s oil geography. The initiative…

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