Tuesday, 26 July 2016

Intensify oil exploration in Northern Nigeria, Presidency orders NNPC



In what seems like a desperate move in the face of cash crunch,  President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the northern part of the country.

Group Managing Director of the NNPC, Mr. Maikanti Baru, who made this known, yesterday, when governor of Bauchi State, Mr. Mohammed Abubakar, paid him a courtesy visit in Abuja, decried that Nigeria was currently facing difficult times.

Baru 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 said it had made some indicative discovery of hydrocarbons.

Baru said based on the directive of the President, the NNPC was taking steps to re-strategise and get into those regions to step up crude oil exploration activities.

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