Business 19 Northern Govs Storm Lake Chad in Search of Oil, Hire British Firm to Continue Drilling

kemi

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The 19 northern state governments have intensified their search for oil and gas in the region with the appointment of a British firm to carry out the exploration activities.

northern oil.PNG

This is coming about two weeks after President Muhammadu Buhari had directed the Nigerian National Petroleum Corporation to increase the tempo of the crude oil find in the North-East.

The Chairman, Northern Nigeria Development Company, owned by the 19 northern state governments, Mallam Bashir Dalhatu, said the company had commenced its prospects for oil and gas in the Lake Chad and Benue basins, using the services of the British company.

He stated this in Katsina when the company’s board and management called on the state governor, Aminu Masari, during their fact-finding visit to the state.

He said, “We have engaged a British company that is already working in the Lake Chad region and from Niger and Chad side in the same area with us and we have been meeting with the Nigerian National Petroleum Corporation in order to put efforts together..

“The Federal Government has also re-emphasised to us, during those meetings, its total support for exploration and exploitation of oil and gas in the North-East of the country,” he said.

The Group Managing Director, NNPC, Mr. Maikanti Baru, confirmed that exploration activities were going on in the frontier basin in Chad and in some areas close to the Kolmani River, located in Bauchi State, where Shell had made some indicative discovery of hydrocarbons.

Baru said that the NNPC was currently taking steps to re-strategise and get into those regions to step up crude oil exploration activities.



Source: Punch
 
Oil is not the solution. Look at IRAQ, Libya, Sudan etc. When all you have is a hammer, everything looks like a nail.

By all means explore for oil, but let no one think it will solve the problems of Nigeria or the entities that might come after that
 
@curator. How I wish they would listen. They control the political sector of this country, now they want to have their hands on the primary source of money for the country. The Northern politicians, including the president just want to be in charge of everything in this country.
 
@curator. How I wish they would listen. They control the political sector of this country, now they want to have their hands on the primary source of money for the country. The Northern politicians, including the president just want to be in charge of everything in this country.

Well, I think it is right that the explore, all countries have a continued plan. What we should know is the cost of the exploration? What has been discovered so far? What was the result of any feasibility study? How much longer should we keep pumping money at this venture? Are there other areas that can be more productive? Should we be spending more on the clean up of already devastated areas? Should we working on sorting inefficiencies?

The challenge I have is that the reasons for the exploration are more political than practical. If commercial quantities are found there, only a naive person would think Nigeria will still exist.
 
I thought we were trying to diversify the economy? this project should have been put on hold for now.

You can only diversify the economy if you have the funds to do so. The funds to run Nigeria currently comes from the oil and gas industry
 
I'm joining the search. Oil discovery in Northern Nigeria will solve alot of problems
 
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