The Nigerian National Petroleum Corporation (NNPC) has says it would reinvigorate exploratory activities in the seven hydrocarbon basins in Nigeria to shore up the nation’s reserve base.
NNPC, Group Managing Director, Dr Maikanti Baru disclosed this in Abuja when he received Governor Ibrahim Geidam of Yobe during a courtesy visit.
In a statement by Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, Baru said modalities were on to open up all the basins in the country to prospective investors.
“We are on target and we are looking at the prospectivity of the whole basins of Niger Delta, Chad, Anambra, Benue Trough, Benin, Sokoto and Bida.
“We are focused on delivering on these basins in line with our mandate,” Baru said.
He disclosed that preliminary exploratory activities had indicated some signs of hydrocarbon in eastern Yobe side of the Chad Basin, adding that once the Corporation received security clearance, the 3D seismic data acquisition in the area would continue as scheduled.
Baru noted that modern technology would be deployed in the exploration of the Yobe section of the Chad Basin, similar to that deployed in the Borno side of the Chad basin.
He revealed that exploratory activities executed in the Benue Trough in the 1990s had indicated presence of hydrocarbon in the region and attempts which were made under Production Sharing Contract arrangements had involved Shell, Chevron and Agip, which had drilled a well each in the region.
Earlier, the governor said his visit was informed by the commitment of President Muhammadu Buhari’s administration to increase Nigeria’s oil reserves through exploration of oil and gas in the Chad Basin.
He said the policy direction of the Federal Government was of interest to the state because the basin covered a large area, including Yobe.
“My visit is a follow-up to our request on exploration of oil in the Yobe section of Chad Basin.
“The assurance which you gave that the exploration for hydrocarbon deposits in part of Yobe State was being considered has reinforced our resolve to work with you on diversifying the sources of national economy for improved revenue generation,” Geidam said.
He commended Baru for stemming the incessant scarcity of petroleum products, increasing revenue accruable from the Oil and Gas Sector to the Federation Account among other feats.
Chevron Refutes Involvement In Niger Delta Creeks’ Oil Theft
Oil Theft: Reps Committee Surmons NNPC, NIMASA, NIWA CEOs
Protest: Commissioner Urges Dialogue Over PIA Implementation
Delta State Commissioner for Oil and Gas, Olorogun Vincent Oyibode, has called on the protesting host communities to Otumara Flow Station of the Shell Petroleum Development Commission (SPDC) in Warri South West Local Government Area to engage in a friendly dialogue with the multi-national oil firm over the implementation of the Petroleum Industry Act (PIA).
Oyibode, who made the call while briefing journalists on the outcome of his visit to Otumara Flow Station and the host communities, in Warri, at the weekend, urged the protesting communities of Ugborodo, Deghele and Ugboegungun not to shut down the operations of the SPDC.
According to the commissioner, “the 20,000 barrels per day SPDC facility in Otumara is of great economic importance to the Federal and Delta State Government”.
He said the state government would continue to intervene where and when necessary just as he implored the host communities and SPDC to explore the benefits of dialogue in resolving the disagreement.
Oyibode also stated that the Governor Sheriff Oborevwori-led government was determined to provide an enabling environment for international oil companies and investors in the State.
The commissioner said, “the management team, Ministry of Oil and Gas visited the protestants at the Otumara community where the Flow Station is sited.
“We held discussions with leaders who expressed their concerns. We also advised that the internal wranglings within critical stakeholders over the name for the HCDT should not lead to shutting down of Otumara Flow Station and SPDC’s operations”.
The commissioner insisted that the disagreement between the host communities to Otumara Flow Station and SPDC which has to do with setting up a Host Community Development Trust was a matter that can be resolved amicably, adding that “the Delta State Government is on top of the issue.
“We appeal to the host communities of Ugborodo, Ugboegungun, and Deghele not to shut down the operations at the Otumara Flow Station, while the negotiations continue for a win-win resolution”.
It would be recalled that the protesting communities had earlier called on the SPDC to visit the host communities in line with the PIA 2021 provisíons which empowers communities to set up a Host Community Development Trust Fund (HCDTF).
However, following an alleged illegality of the multinational against the spirit of the PIA by refusing to engage the three communities of the Otumara Flow Station in the Fund, it ignited a protest and upon the expiration of the 48- hour ultimatum gained entry into the facility with the threat of a total shutdown.
Opinion4 days ago
Saving Our Marine Ecosystem
Business4 days ago
Energy Crisis: Expert Harps On Homegrown Solutions
Editorial3 hours ago
Checking Nigeria’s Rising Debt Profile
Rivers2 hours ago
Town Planning Expert Urges Effective Physical Planning in Rivers
Rivers4 days ago
Gunmen Raze Man’s House In Ahoada West
News4 days ago
NDLEA Destroys 16 Hectares Cannabis Farm In Ekiti
News3 hours ago
NYSC: Pay Attention To Security Of Corps Members, D-G Urges Employers
Sports2 hours ago
NYG : I See Fubara Turning Sports Around In Rivers State – Karate Coach