All is set for resumption of oil and gas exploration in crude bearing areas around Lake Chad Basin.
President Muhammadu Buhari stated this while flagging off
the exercise in Abuja, on Tuesday.
Speaking during the ceremony which he performed virtually,
Buhari expressed confidence that oil exploration in Chad Basin will record success
as the country had in similar activity in Kolmani River and Nasarawa State.
A statement issued by Senior Special Assistant to
President Buhari on Media and Publicity, Garba Shehu, said “crude oil and gas
exploration activities have been ongoing in the Chad Basin since 1976 and also
know of the discovery of sub-commercial gas at the Wadi-1 Well in 1985.
Explaining that Buhari “was also aware that active
drilling activities were suspended in 1995, to enable a re-evaluation of
exploration activities in the entire frontier basins,” Shehu said “Mr. President
is happy that NNPC has since then conducted extensive basin analysis and
evaluation of all frontier basins leading to the successful drilling and
discovery of crude oil and gas in commercial quantities in Kolmani River 2 and
providing insight to the ongoing crude oil and gas drilling campaign in
Nasarawa State, as well the current re-entry activities into the Chad Basin.”
The statement further congratulated board, management and
staff of NNPC Limited and Nigerian Upstream Petroleum Regulatory Commission on
their unrelenting efforts at developing the hydrocarbon potentials of the
country’s Frontier Basins and extended President Buhari’s commendation to the government
and people of Borno State for their support in ensuring the resumption of drilling
campaigns, urging security agencies and other stakeholders to ensure that the
venture meets with resounding success.
Speaking at the drilling site, Group Chief Executive
Officer of NNPC Limited, Mele Kyari, said re-mobilisation of a drilling rig to
Chad Basin for the first time since the 1980s indeed underscores the visionary
leadership of President Buhari.
“NNPC Limited is committed to carrying out detailed exploration of the Frontier Sedimentary Basins using the best industry standards and technologies, with the aim of attaining commercial discoveries of crude oil and gas.
This is a spud-in event that will reinforce the government’s
commitment to exploration in the nation’s frontier basins, primarily aimed at
increasing the nation’s hydrocarbon reserves. This is a mission that we will
take to deliver. We are very committed. It does not depend on Mele Kyari. It
will work. This is a process, and this process has value, and this value will
be created for everyone,” Kyari said.
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