DP

Crude in commercial quantity discovered in Benue Trough – NNPC

By ghaffarb_ • 6 days ago • 1897 views • 411 comments


The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity .

It said Nigerian geologists were spearheading efforts in the discovery of the commodity in the trough .

The corporation ’s Group Managing Director , Mele Kyari , disclosed this in a statement issued in Abuja by NNPC ’s spokesperson , Kennie Obateru .

In October last year , NNPC announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough , Gongola Basin, in the North Eastern part of Nigeria .

In its statement on Thursday , the NNPC said it would grow the nation ’s hydrocarbon reserves to 40 billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country .

Kyari said the strategy was to aggressively explore for more oil in the frontier basins in order to grow the nation ’ s reserve base in line with the Federal Government ’s aspiration to hit the 40 billion barrels reserve target .

He said NNPC ’ s key aspiration was to grow the nation ’s hydrocarbon reserves , reduce unit operating cost of crude oil production to $ 10 per barrel and improve efficiency across its businesses .

He was quoted as saying , “ It is my pleasure to appreciate the good work and resilience of our in-house professionals in the ongoing inland basins exploration activities that culminated in the recent discovery of hydrocarbons in Benue Trough .


   Related Post viewed by other



411 Replies | Last update 5 days ago | Last comment

Requires Login


NewsPayForum