Connect with us

Hi, what are you looking for?

News

JUST IN | NNPC Says It Has Discovered Oil in the North-East

The Nigerian National Petroleum Corporation (NNPC) says it has discovered oil in the north-eastern part of the country.

Samson Makoji, acting group general manager, group public affairs division of the corporation, disclosed this in a statement on Friday.

He said the discovery of oil and gas in commercial quantity in the Gongola Basin will “attract foreign investment, generate employment for people to earn income and increase government revenues”.

“The Nigerian National Petroleum Corporation (NNPC) has 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 the country,” the statement read.

“It would be recalled that drilling of the Kolmani River II Well was flagged-off in a colourful ceremony by President Muhammadu Buhari on the 2nd of February, 2019.

Mr. Makoji stated that NNPC acquired 435.54km2 of 3D Seismic Data over Kolmani Prospect in the Upper Benue Trough, Gongola Basin. This was to evaluate Shell Nigeria Exploration and Production Company (SNEPCo) Kolmani River 1 Well Discovery of 33 BCF and explore deeper levels.

More to come…

_____

Follow us on Twitter at @thesignalng

Copyright 2019 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant source.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Signal-Tesslo Ad

Related

News

Former chairman, Senate Committee on Local and Foreign Debts, Ifeanyi Ararume, has slammed a N100 billion suit on the President Muhammadu Buhari at a...

News

The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor...

News

The House of Representatives is probing the structure and accountability of the joint venture Businesses and Production Sharing Contracts of the NNPC in the...

News

The Federation Account Allocation Committee (FAAC) has asked the Nigerian National Petroleum Company (NNPC) to submit state-by-state consumption of Premium Motor Spirit (PMS), otherwise...

Copyright ©