On Tuesday, President Muhammadu Buhari will, supervise the first oil drill in oil fields in Bauchi and Gombe States.
The ceremony of the Kolmani Oil Prospecting Lease (OPL) 809 and 810 at the Kolmani field site will be the first oil drilling in Northern Nigeria.
Two years ago Oil was discovered in commercial volume in the region.
While Nigeria is already exploring crude oil in the southern Niger Delta, this exploration up north will be the first after an attempt in the Borno region was halted by insecurity.
NNPC Limited since 2016, launched a search for oil in some Northern states which led to the discovery of the oil in commercial quantity in Bauchi, Gombe, Borno and Niger States.
According to officials at NNPC Ltd, the oil field in Bauchi and Gombe axis will developed by Sterling Global Oil, New Nigeria Development Commission (NNDC) and NNPC Limited.
“The ceremony will be held on Tuesday, 22nd November and will be attended by Mr. President himself together with most of his cabinet members including the Minister of State for Petroleum, Timipre Sylva,” an official told Daily Trust.
NNPC Ltd has continually spent on frontier exploration as captured in its FAAC report.
With the new Petroleum Industry Act (PIA) 2022, funding for frontier exploration has risen to 30 per cent, which means the reformer NNPC Ltd would have more fund to develop oil fields in Nigeria.
At the moment, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said crude oil reserve is at 37 billion barrels.
Reports said the Kolmani fields holds over a billion crude oil reserve, which could significantly raise Nigeria’s oil reserve that has not grown in 10 years.
The oil discovery in the north is coming at a time when crude oil production in the south has dropped to about 1.2 million barrels per day mainly due to oil theft and vandalism.
Oil production in the north could be a backup to shore up revenue for Nigeria as it witnesses huge budget deficit so far, experts say.
(Daily Trust)
About the Author
connect singles dating site free best dating websites dating sites absolutely free
buy essays online cheap college essay writing service essay writing services
singapore where can i buy essays online
online essay writing service best admission essay editing service essay writing services
legal can i hire someone to write my essay
can someone write my essay buy cheap essays great essay writers essays on the help
professional college application essay writers help with writing essay cheap custom essay writing service best custom essay website
help writing a argumentative essay essays writing service
original essay writing service essay writing services reviews
pay you to write my essay write my essay services english essay help online essay writer
essay writing services reviews buy essays online cheap cheap custom essays online essay writing help for high school students
custom essay writing services best college essay editing service help with writing essay higher english essay help
help writing a essay help with scholarship essays
can i hire someone to write my essay who can write my essay
essay writing services legal i need help writing a compare and contrast essay
essay customer service help writing a college essay
essay helper essay writers toronto help in writing essay essay writing services online
college essay online help mba essay service buy argumentative
essay college essay writing company
essay proofreading services college essay services college
application essay service essay writer
custom writing essay paid essay writers essay on helping
poor people best essay writing service website
custom college essays fast custom essay essays on the help best essays writing service
best writing essay essays on the movie the help admission essay writing services help writing college essays
student essay help Who wants to write my essay academic custom essays help with essays assignments
essay about community service good essay writing websites romeo and juliet essay
help admission essay help
us essay writers essay writer cheap essay writing service law service essay writing
custom essay meister review best essay writer company write my social work essay help with argumentative essay
best free vpn for netflix buy vpn paypal vpn free
trial no credit card best vpn in the world
best personal vpn vpn free ip address buy vpn client free unlimited vpn
best vpn reddit 2019 best vpn service for mac should i buy
vpn anonymously how to buy vpn
best free vpn for torrenting avast secureline vpn review best vpn service
review download free vpn for pc
super vpn free download best free vpn for windows 2022 free japan vpn reddit best free vpn
real online casino games real money casino online games for real money caesars casino online real money online casino signup bonus
online casino usa real money no deposit bonus best online casino usa real money games
online play casino online gambling real money
win casino free casino online games casino games win real money gambling games online real money
gambling bonuses casino gaming real player real money
casino no deposit best mobile casino
casino online for real money online casino free cash online casino usa real money no
deposit bonus hollywood casino online real money
online casino games free online casino games win real money online usa casino rivers online casino real money
best casino bonuses play online casino for real money play real money online
casino bet casino
gambling games at casinos play for real money
online casino casino free bonus
best deposit casino bonus online real money no deposit casino best online real
casino rivers online casino real money
free real casino slots online house of fun free online slots
caesars free slots play konami slots free
hack online slots diamond slots caesar slots free online casino slots real money
vegas slots atari vegas world free slots williams interactive slots playing slots
my vegas slots free sizzling 7 slots play free lucky 777 slots free vegas world
slots lv scorchy slots guide free online instant play slots 100% free downloadable slots games
shaved models slots brian christopher slots on youtube casino slots free games casino slots real money
100 most popular free slots best slot machines to
play at the casino play free lucky 777 slots free unique casino
play scatter slots on facebook slots for fun only free slots play las vegas slots free play
konami slots for computer 459 free casino slots free real casino
slots online aol slot lounge play free slots