The Nigeria National Petroleum Corporation, (NNPC) has disclosed that it will continue oil exploration in the north.
Disclosing this at the 40th edition of the Kaduna International Trade Fair, group managing director, NNPC, Dr. Maikanti Baru, said that the corporation has dug 10,075 feet deep with a target to reach 14,270 feet in exploration of gas reserve in Kolmani River II, Bauchi State
According to him, drilling has been going on smoothly. He also said that the NNPC will do a massive appraisal of the discovery of gas reserves made in 1999 in the region.
The NNPC boss said the corporation is working on the Kolmani River ii with optimism and high expectation. He said President Muhammadu Buhari has personally urged the corporation to go back to exploration on the Kolmani River ii Well.
He said: “The main purpose of this well is to start some massive appraisal of the discovery that was made way back in 1999 of some gas reserves in Kolmani River 1 and so far the drilling has been going on smoothly to enable exploration. We will do the needful, if we need to probe any particular section, we will take our time to do it. Our target date is to see that by the end of May, we complete exploration on that particular well and move to Kolmani River iii, which site is almost ready for the rigs to move there and from there we move to other locations.”
The GMD also said the trade fair provides an opportunity for stakeholders and long term exhibitors like NNPC to take stock of their participation through the years, with a view to consolidating on areas of strength, while working on avenues for improvements. He said the loss of agriculture to crude oil exploitation has retarded local industries that feed on agricultural produce as feedstock, prominent among which he said are the textiles industry as well as tanneries in the North.
Source: Energy Mix