Business
NNPC Discovers Oil In Nasarawa
The Nigerian National Petroleum Company (NNPC) Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state.
It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.
On January 5, 2023, it was reported that NNPC was prospecting for crude oil in more locations across the north, after discovering the commodity in Bauchi and Gombe states.
The report stated that NNPC was 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 had disclosed this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022, as outlined in some prospective states where oil was expected to be discovered, which include Niger, Nasarawa, Sokoto, Borno, Yobe, Adamawa, Bauchi, and Gombe.
Beyond the North, the Anambra basin was listed as another area where the NNPC was striving to find more oil.
Prospecting is the first stage in discovering the oil and gas fields, under which seismic surveys are carried out.
On Friday, NNPC’s Group Chief Executive Officer, Mele Kyari, announced the oil discovery and the planned spud-in when the Governor of the state, Abdullahi Sule, led a delegation of prominent indigenes on a courtesy visit to NNPC in Abuja.
Kyari, in a statement issued in Abuja by the corporation’s spokesperson, Garba-Deen Mohammad, said the results of exploratory activities confirmed the presence of substantial hydrocarbon resources in the state.
He called for prompt action on the project as the global energy transition had led to a reduction in investment in fossil fuels.
“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you.
“Otherwise, 10 years from now, no one will agree to put money in the petroleum business, except it comes from your cash flow”, Kyari stated.
He said community support and a conducive environment were key to a successful operation in the area, in order to avoid the experience of the Niger Delta.
In his response, the Nasarawa State Governor, Abdullahi Sule, congratulated the NNPC boss on the successful commencement of oil production and the Kolmani Integrated Development Project which was inaugurated in November 2022 by the President.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.