President Buhari flags-off resumption of oil exploration in Chad Basin

President Muhammadu Buhari yesterday flagged-off the resumption of physical activities towards the exploration of crude oil and gas in the Chad Basin area. Speaking virtually at the Wadi-B Drilling Campaign which physically took place in Borno State, President Buhari expressed his belief that the successes recorded in the Kolmani River 2 and Nasarawa State would be replicated in the area. The President affirmed that the country stands to benefit immensely from a positive outcome of the operations, as there would be an increase in National crude oil and gas reserves…

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NNPC discovers oil in Nasarawa State

…Drilling starts in March  The Nigerian National Petroleum Company Limited, (NNPCL), has announced the discovery of oil in Nasarawa State. The corporation also stated that it’s prepared to drill the first foot of an oil well in the North-Central State. With this development, Nasarawa becomes the third State in Northern Nigeria where oil has been discovered in commercial quantity. The announcement was made by the NNPCL’s Group Managing Director, (GMD), Mele Kyari, when he received a delegation comprising Nasarawa State, Abdullahi Sule, and prominent indigenes of the State on a…

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NNPC prospects for oil in Niger, Borno, Sokoto, other northern states – Report 

Following the discovery of crude oil in Gombe and Bauchi states, the Nigerian National Petroleum Company (NNPC) Limited says it is prospecting for the commodity in more locations across the North. NNPC stated that it was currently taking coordinated steps for more frontier exploration in the region, as part of measures to shore-up the country’s oil output and reserves. The company reportedly stated this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022. The document outlined some prospective States where oil was expected…

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New Oil Wells: “Despite criticism, I’ve made progress stabilising security, reviving Nigeria’s economy – Buhari

President Muhammadu Buhari has said that despite what his critics may say, his administration has made progress in stabilizing the security situation in the country, reviving the economy and fighting corruption. He stated this yesterday, when a delegation of political, religious and business leaders from Gombe State visited him at the Presidential Villa, Abuja, to appreciate him for his role in the discovery of oil in commercial quantity in the Kolmani area, in the North-East region. President Buhari described the visit as a “morale booster”, adding: “Thank you for coming…

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Crude Oil in North: ‘Discovery will bring Biafra closer to realisation’ – IPOB

The proscribed Indigenous People of Biafra (IPOB) has argued that the discovery of crude oil in the northern part of the country should mean that Biafra can be allowed to exist as a sovereign State. The group’s spokesman, Emma Powerful, who said this in a statement yesterday, added that the discovery was an answer to the prayers of its leader, Nnamdi Kanu, who had prayed that the Northern region should discover petroleum in commercial quantities to facilitate the Biafra exit. Recall that President Muhammadu Buhari, on Tuesday, flagged-off the commercial…

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Oil in the North: Buhari to officially flag-off first drilling on Tuesday

The first oil drilling in Northern Nigeria after its discovery in large quantities in the region is scheduled to be superintended by President Muhammadu Buhari on Tuesday. The ground-breaking ceremony of the Kolmani OPLs 809 and 810 at the Kolmani field site in Bauchi and Gombe States will take place on Tuesday. Nigeria is blessed with several mineral resources amounting to trillions of dollars; however, the Government have been accused of focusing its attention on oil and gas in the Southern part of the country, which has always been assumed…

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Oil in North: Transparency issues becloud ‘one billion barrels’ discovery claim

With about seven months to the end of Muhammadu Buhari’s administration as President and Minister of Petroleum Resources, concerns are seriously rising over Nigeria’s exploration activities in the northern part of the country as well as a purported one billion barrels crude oil discovery made in the region. Stakeholders, yesterday, expressed worry over the secrecy in the development amidst transparency issues even as the details of a one billion barrels of crude oil discovered in the Gongola basin, located between Bauchi and Gombe remained only in the news two years…

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Oil in the North: Uncertainty trail FG’s one billion barrels claim

…Experts insist discovery political, elusive…Stakeholders raise alarm over renewal of two OPLs A year after the discovery of crude oil in the North, the Federal Government and the Nigerian National Petroleum Corporation (NNPC) Limited are yet to come clean on the true state of activities in the nation’s inland basins. Unanswered questions top the list of doubts and concerns, as stakeholders in the energy sector expressed divided opinions over the discovery of one billion barrels of crude oil in the North-East region. While some stakeholders expressed satisfaction over the development,…

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Kolmani Oilfield: Gombe Signs MoU with Rift Petroleum Company to Drive Maximum Benefits From Hydrocarbon, Other Energy Sources in the State

Umar Kaltungo Gombe State Governor, Muhammadu Yahaya, says more than ever before, the need to extract the discovered oil and gas in the Kolmani oilfield has become more imperative, especially with the signing of the Petroleum Industry Act and the clamour by some states to collect and retain the Value Added Tax, (VAT). Governor Yahaya, who stated this during the signing of a Memorandum Of Understanding, (MoU) between the State Government and Rift Oil and Petroleum Company on exploring maximum benefits from commercial discovery of hydrocarbon in Kolmani site and…

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Bauchi has over 1bn barrels of oil reserves – University Don

The Vice-Chancellor of the Ibrahim Badamasi Babangida University Lapai (IBBUL) Professor Abu Kasim Adamu has described the discovery of oil in Bauchi state estimated at over one billion barrels and the successful drilling of the Kolmani River 2 well near Alkaleri village of the State as a monumental achievement of the Nigerian National Petroleum Corporation (NNPC). Professor Adamu spoke at the commissioning of a geological research centre named after the former Group Managing Director of the corporation, the Late Dr. Baru, and a perimeter fence donated to the university by the…

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