The Nigerian National Petroleum Corporation, NNPC, has been ordered by President Muhammadu Buhari to intensify its search on crude oil exploration activities in the northern part of the country.
This was disclosed yesterday by the Group Managing Director of the NNPC, Mr. Maikanti Baru, who said the President has directed the NNPC to go into the northern area to improve and further explore the magnitude and prospect of those finds.
Baru, who was hosting the governor of Bauchi State, Mr. Mohammed Abubakar, during a courtesy visit said the NNPC currently had exploration activities going on in the frontier basin in Chad and also in some areas close to the Kolmani River, located in Bauchi State, where Shell had made some indicative discovery of hydrocarbons.
Following the President’s directive, Baru disclosed that the NNPC was currently taking steps to re-strategise and get into those regions to step up crude oil exploration activities.
According to him, the NNPC will re-invigorate the Frontier Exploration Services and see how they collaborate with the Northern Nigeria Development Company, NNDC.
He adds that the NNDC is holding bloc 809 where there are some of the finds and also the Department for Petroleum Resources, DPR, for the other blocs that have not been assigned.
The NNPC Boss further lamented that Nigeria was currently facing difficult times. He said 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.
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“It is a very difficult time for us with all the leakages that we suffer, especially infractions on our infrastructure, in terms of pipeline vandalism and theft to be able to meet our obligations to the Federation Account Allocation Committee, FAAC.”