– NNPC is putting last touches to a comprehensive framework designed to herald the intensification of exploration activities in the Chad Basin

– According to the fresh reports, the petroleum corporation has so far drilled 23 wells, 21 of which have potential of full prospects of oil

– Nigeria engaged a British company into the explorat tion that is already working in the Lake Chad region to put efforts together


Moves by the Nigerian government to build up the nations proven oil reserve through exploration of new frontiers received a fresh thrust with the news that the Nigerian National Petroleum Corporation (NNPC) as 21 oil wells out of the 23 drilled so far have potential of full prospects of oil.

The report from the NNPC showed that a total of 23 oil wells have already been drilled by mining oil companies that have been involved in oil exploration in the North in the past 30 years.

While only 2 of them were reportedly hit a dry run, 21 other wells were said to hold prospects of oil.

The statement from the NNPC also said that the exploration of the oil in the North has, so far, gulped a shocking sum of about N27 billion and $340 million correspondingly.

The corporation is reportedly expecting to receive more money into the quest – in compliance with the recent presidential directive to resume oil exploration in the North.

The statement reads in part: [b] “Discoveries made in neighbouring countries in basins with similar structural settings are: Doba, Doseo and Bongor all in Chad amounts to over 2 Billion barrels (Bbbls); Logone Birni in Southern Chad and Northern Cameroon, over 100 Bbbls; and Termit-Agadem Basin in Niger totals over 1Bbbls.

“Already the NNPC New Frontier Exploration Services Division which is leading the charge for crude oil find in the entire Inland Basins is acquiring 3,550 sq km of 3- D seismic data for processing and interpretation in addition to the already acquired 6000km of 2-D data that is currently being reprocessed.”

“The search is not limited to the Chad Basin alone but covers extensive inquest in the entire Nigerian Frontier Sedimentary Basins which includes- The Anambra, Bida, Dahomey, Gongola/Yola and the Sokota Basins alongside the Middle/Lower Benue Trough.’’ [/b]


The attacks of the Niger Delta militants in the south of Nigeria reduced oil production and partially caused the country’s recession.

Following this President Muhammadu Buhari two months ago directed the NNPC to escalate search for oil in the north-east.

The administration 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.

In a related development the Chief of Naval Staff Vice Admiral Ibok-Ete Ibas said the Nigerian Navy had commenced deployment of its personnel to the Lake Chad Basin Naval post to protect Nigeria’s territorial interest on the Lake bordering Nigeria and countries in the Sahel region commenced last month.

Blue3k:
Nobody hates this news. We are happy the northern region might finally stop being laggard. Use the revenue to improve education. Next we can start restructuring towards fiscal federalism/ resource control nairalanders want.

Has the oil in your region stopped your youths from being drunken and lazy criminals, militants, rapists and drug traffickers or has it changed Bayelsa from being a dirt poor state unable to pay its citizens or even provide basic toilet facilities for its people? The answer is a resounding NO.

All this backwardness and underdevelopment in a region that enjoys the highest allocations, 13% derivation and multiple interventionist agencies including NDDC and its own Ministry? Talk about laggards extraordinaire

Face your neck of the woods and remove the log in your eyes before pointing at the speck in others.

QuotaSystem:


Has the oil in your region stopped your youths from being drunken and lazy criminals, militants, rapists and drug traffickers or has it changed Bayelsa from being a dirt poor state unable to pay its citizens or even provide basic toilet facilities for its people?

All this backwardness and underdevelopment in a region that enjoys the highest allocations, 13% derivation and multiple interventionist agencies including NDDC and its own Ministry? Talk about laggards extraordinaire cheesy.

The answer is No. Face your neck of the woods and remove the log in your eyes before pointing at the speck in others.

Blue3k:


Drunken lazy crimal lol funny. Economicly Southern regions better per capita gdp, more educated, and less religious extreamism. Oil has helped region even though it not a Panacea for social vices and crime.

Other than those few thing you mentioned probably happen in greater percent in your neck of the woods.

More educated indeed

The jokes write themselves on this forum

QuotaSystem:
See all the 'awa oil' hacktivists suddenly forming felicitation with the North...

...when it is universal knowledge that their stock in trade is blackmailing the rest of the country with the oil located in their region...

Your pain is visible from the moon

QuotaSystem:


More educated indeed

The jokes write themselves on this forum

Does that change the fact that JSS 3 northerner can spell the word "extremism' and YOU can't?

Grab your copy of Brighter Grammar before you mention education to anyone.

Blue3k:


[s]Actually yes southern region are more educated dude the facts are clear. Sorry nobody informed you your the laggard region till now.

https://www.nairaland.com/2534505/education-statistics-nigeria-going-school
http://www.afri-dev.info/wp-content/uploads/2015/07/Afri-Dev.Info-Public-Policy-Brief-Editorial-on-Highlights-of-2015-Nigeria-Scorecard-on-Education_Governance_Peace_Security-Boko-Haram-_0.pdf

The North Eastern Zone comprising: Taraba, Bauchi, Borno, Yobe, Adamawa and Gombe was the least educated in the federation. 52.4% Of North Eastern Males were uneducated, while 61.1% of North Eastern Females were uneducated, resulting in an average of 56.75% Illiterate/b] and [b]43.25% Educated Youth Population

Immediately following is the NorthWestern Zone comprising Kaduna, Kano, Katsina, Sokoto, Jigawa, Kebbi, and Zamfara with 46.9% Uneducated Males, and 62.8% uneducated Females, resulting in an average of 54.85% Illiterate [/b]and [b]45.15% Educated Youth Population

Next comes the North Central Zone comprising Plateau, Nassarawa, FCT, Niger, Benue, Kwara and Kogi with 22.6% uneducated Males and 38.0% uneducated Females resulting in an average figure of 30.3% Illiterate and 69.7% Educated Youth population[/s]

QuotaSystem:
Does that change the fact that JSS 3 northerner can spell the word "extremism' and you can't?

Grab your copy of Brighter Grammar before you mention education to anyone.

I'm not the one to teach you the difference between western education and literacy at 2am

Besides you're in no position to discuss education with anyone going by your posts.

Swerve.

Blue3k:


Lol I made a typo big deal. My facts still stand. Since you can't bring a real counter arguement so you jump on minor mistake like sore loser. Striking out post doesn't dispute anything. If you can't come back with stats to back claim don't reply back.

QuotaSystem:
I'm not the one to teach you the difference between western education and literacy at 2am

Besides you're in no position to discuss education with anyone going by your posts.

Swerve.

No comeback? I knew the logic of the statement below would fly right over your head

QuotaSystem:
I'm not the one to teach you the difference between western education and literacy

Blue3k:


Lol you still have no comeback I told you don't reply without one. You haven't disputed on fact I posted loser.