Uncategories Its Official: Oil Exploration Begins in the North-Eastern Part of Nigeria

Thursday 11 August 2016



Its Official: Oil Exploration Begins in the North-Eastern Part of Nigeria

August 11, 2016
The President Muhammadu Buhari administration has started the long-term planned exploration of crude oil in the north-eastern part of Nigeria which will reduce the pressure on the Niger Delta region.
 
Moves by the Federal Government to build up the nations proven oil reserve through exploration of new frontiers for oil and gas production received a fresh thrust yesterday with the news that the Nigerian National Petroleum Corporation, NNPC, is putting finishing touches to a comprehensive framework designed to herald the intensification of exploration activities in the Chad Basin.

Structural facilities are currently being mounted at the Chad Basin area in Nigeria and Nigerians are optimistic that commercial quantities of crude oil will be discovered.
 
This will go a long way in boosting the Nigerian economy, instituting true federalism as well as quelling hostilities in the Niger Delta region.
 
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