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Nairaland Forum / Nairaland / General / Politics / NNPC Resumes Oil Search In Chad Basin (504 Views)
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NNPC Resumes Oil Search In Chad Basin by Nobody: 10:23pm On May 04, 2015 |
The Nigerian National Petroleum Corporation (NNPC) says it is set to resume oil search in the Chad Basin following remarkable improvement in the security situation in the north-east. Ohi Alegbe, group general manager, group public affairs division of the corporation, said this in a statement issued in Abuja on Monday. The statement quoted Joseph Dawha, group managing director of NNPC, to have made the announcement at the 21st annual general meeting of Integrated Data Services Nigeria Limited (IDSL). IDSL is a subsidiary of the NNPC that is carrying out the seismic data acquisition in the Chad Basin. “Preliminary indications from the previous exercise so far are encouraging and we are going to move back there,” Dawha said. The GMD described the security situation in the northeast that led to the corporation to suspend oil exploration activities in the basin as “unfortunate”, and commended the security forces on their recent success in the fight against the insurgents. The statement said the performance of IDSL was encouraging in spite of the challenge of funding as a result of the fall in crude oil prices. “The company’s performance is encouraging as it recorded a 32 per cent revenue growth,” it said, adding that Victor Briggs, managing director of IDSL, disclosed that the company was expanding its operations to neighbouring West African countries and other emerging oil producing countries in Africa. “IDSL was incorporated in 1988. Its services include provision of seismic data acquisition, processing and interpretation as well as petroleum and reservoir engineering data evaluation, computer and other ancillary services. www.thecable.ng/nnpc-resumes-oil-search-chad-basin |
Re: NNPC Resumes Oil Search In Chad Basin by Nobody: 10:28pm On May 04, 2015 |
One is almost becoming a pessimist in this project called Nigeria. In the midst of the abundance of crude oil, we now do night vigil at petrol stations. What went wrong with our refineries that will not bedevil this Chad basin plan? May Buhari be our Messiah. |
Re: NNPC Resumes Oil Search In Chad Basin by Nobody: 10:52pm On May 04, 2015 |
As a patriot I only hope for a better Nigeria
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But dis issue of fuel is embarrassing o |
Re: NNPC Resumes Oil Search In Chad Basin by Nobody: 10:54pm On May 04, 2015 |
I love transformation I hate "change" Quote me to blast me and ya will never make it in like 1 Like |
Re: NNPC Resumes Oil Search In Chad Basin by Mogidi: 11:20pm On May 04, 2015 |
This is an incredible way to waste our meagre resources. |
Re: NNPC Resumes Oil Search In Chad Basin by realjoker(m): 11:43pm On May 04, 2015 |
O for orange |
(1) (Reply)
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