President Muhammadu Buhari has given a directive to the Nigerian National Petroleum Corporation (NNPC) to add more intensity to their search for crude oil in the northern part of the country.
Group Managing Director of the NNPC, Mr. Maikanti Baru, disclosed this, yesterday, when governor of Bauchi State, Mr. Mohammed Abubakar, paid him a courtesy visit in the NNPC towers, Abuja.
In line with Buhari’s order “for deeper inquest into the prospectivity of some hitherto neglected finds in some areas in the North Eastern part of Nigeria”, Baru said on Monday, July 25, that the corporation is putting necessary measures in place in order to ensure a successful operation in the current search for crude oil in the Chad basin and also in some areas close to the Kolmani River, located in Bauchi State, where Shell had made some indicative discovery of hydrocarbons.
“You know that very close home, we have exploration activities on the frontier basin in the Chad and some areas close to the Kolmani river where Shell had made some indicative discovery of hydrocarbons and Mr. President has directed me to go into that area to reprove and further explore the magnitude and prospectivity of those finds.
“We are taking steps to re-strategize and get into those regions. We will re-invigorate the frontier exploration and see how they collaborate with NNPC that is holding Block A09 where some of the finds have been made and also Department for Petroleum Resources, DPR, for the other blocks that have not been assigned.”
He stated that the revived search for hydrocarbon deposits in the Chad basin would imply extended searching for some allocated and non-allocated oil blocks in the region with a view to establishing the magnitude of the deposits.
On the tough economic situation, Baru lamented that the various attacks on oil and gas assets across the country was making it difficult for the corporation to meet its financial obligations to the country.
Bauchi governor said the reason for his visit was to felicitate with the new GMD on his nomination, stating that Bauchi state is proud of Baru and his accomplishments so far in the oil and gas industry.