NNPC to keep on with oil exploration in the North — MD

In the midst of diverse opinions regarding the benefits of the oil exploration ventures orchestrated by President Muhammadu Buhari in Northern Nigeria, the Group Managing Director of the Nigeria National Petroleum Corporation, Mr Maikanti Baru, has insisted that oil exploration in the Northern part of the country will continue until they reach their target.

Baru told newsmen in Kaduna that the steps will enable the cooperation to do a large appraisal of the discovery of gas reserves made in 1999 in the region.

The Managing Director stated this at the on-going trade fair in Kaduna.

According to him, NNPC was working on the Kolmani River II with optimism and high expectation, adding that President Muhammadu Buhari had personally urged the corporation to go back to exploration on the Kolmani River II Well.

The NNPC boss also disclosed that as things stand now, they have dug 10,075 ft deep with a target to reach 14,270 ft exploration by the end of May.

“The main purpose of this well is to start some massive appraisal of the discovery that was made way back in 1999 of some gas reserves in Kolmani River 1 and so far the drilling has been going on smoothly to enable exploration.” Baru stated.

Many critics condemned the steps in the first place due to the fact that the World seem set to dump crude oil in the nearest future.

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  • Opeyemi Quadri

    Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across investment, foreign exchange, government policies and politics. Ope is available on Twitter @OpeQuadri.

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