Nnpc Hopes To Grow Nation’s Reserve To 40Bn Barrels By 2023 ----- Gmd


Minna------ The Nigerian National Petroleum Corporation, NNPC, has said that its target was to grow the nation’s reserve to 40 billion barrels by the year 2023.

The Group Managing Director, NNPC, Malam Mele Kyari spoke during the unveiling of 2D seismic data acquisition in the Bida/Sokoto Basin in Minna Wednesday.

According to Kyari efforts were ongoing for exploration of inland basins with a realistic and achievable target of growing the nation’s reserve.

“Efforts in the search for hydrocarbons in the frontier basins have been intensified and more geological targets are identified for exploration,” he said.

Kyari, spoke through the Group General Manager, Frontier Exploration, Services, Alhaji Abdullahi Bomai, who explained that 600 kilometers of two dimensional seismic data would be required as prospects in Bida Basin to further evaluate the potential of the basin.

He alsi said that the programme would cover eight local government areas in Niger state which include; Mokwa, Lavun, Gbako, Bida, Katcha, Agaie, Edati and Lapai, even two were in Kwara and one in Kogi.

According to him, a lot of skilled, semi-skilled and unskilled workers will be engaged into different categories, adding that the operations were usually associated with damage to land, crops and economic trees.

His words, “It is the industry standard to assess such damages and provide appropriate compensations to affected persons and communities so as not to cause panic or disturbance.” 

The GMD stressed  that surface geochemistry, ground gravity/ magnetic, stress field detection, full tensor gradiometer aerial surveys had been deployed to further explore large areas and derrick prospects in the frontier basin.

He said they have also identified prospective hydrocarbon exploration targets in the basin.

Kyari added that the samples collection and preparation was carried out by IBB University Lapai consultancy services.

In his comments, Governor. Abubakar Bello of Niger State commended the management of NNPC involved in the process research and expressed optimism that the state would soon be among oil producing states in the country.

He said that the state government would give necessary support and cooperation needed for the commencement of hydrocarbon exploration in the state.

Bello noted that aside, revenue and financial advantages, it would create jobs and give Niger people the opportunity to acquire training on oil and gas.

“Beyond the financial benefits, it will bring about social and economic development of host communities, carry the communities along and engage them as host communities to avoid issues,” he added.