The Nigerian National Petroleum Corporation (NNPC) has discovered crude oil in commercial quantity in Benue Trough.
The Nigerian National Petroleum Corporation (NNPC) on Friday disclosed that crude oil discovered in Benue Trough, is in commercial quantity.
According to a statement by Kennie Obateru, group general manager of NNPC group public affairs division, Nigerian geologists are spearheading efforts exploration activities in the trough.
In October 2019, the corporation 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.
Drilling of the Kolmani River II Well was flagged-off in a colourful ceremony by President Muhammadu Buhari on the 2 February, 2019, in Bauchi.
The Corporation’s acting group general manager, Group Public Affairs Division, Mr. Samson Makoji, stated that NNPC acquired 435.54km2 of 3D Seismic Data over Kolmani Prospect in the Upper Benue Trough, Gongola Basin.
Mele Kyari, NNPC’s group managing director, said the objective and strategy was to aggressively explore for more oil in the frontier basins in order to grow Nigeria’s reserve base in line with federal government’s aspiration to hit the 40 billion barrels reserve target.
Kyari said NNPC’s key aspiration is to grow Nigeria’s hydrocarbon reserves, reduce the unit operating cost of crude oil production to $10 per barrel and improve efficiency across its businesses.
“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,” he said.
“NNPC is indeed proud that it is the Nigerian Association of Petroleum Explorationists (NAPE) members that are spearheading this effort.”
