The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the speculations that oil has been found in commercial quantity in the Bida Basin should be discountenanced, stressing that the search for oil in the basin is still ongoing.

Dr. Baru made this submission while delivering his acceptance speech during his conferment with the fellowship award by the Ibrahim Badamasi Babangida (IBB) University, Lapai on Saturday.

Speaking on the topic: “The Role of Inland Basins in Unlocking the Socio-Economic Benefits of a New Nigeria”, he posited that NNPC was desirous of discovery of oil and gas in the frontier basins, stressing however that the corporation was currently at the fourth, out of ten intensive stages, of determining if hydrocarbon has been generated in the basin.

The NNPC helmsman averred that upon completion of determination of hydrocarbon generated, the corporation would initiate another six stages of integration of the studies to identify positive hydrocarbon anomalies, acquisition of 2D seismic data over anomalies, acquisition of 3D seismic data to validate identified structures, drilling of exploration wells, drilling of appraisal wells and evaluation of the engineering and economic parameters required. 

He emphasized that NNPC recognised that the Bida basin exploration was in the fourth stage of these activities, adding that it is important to state that efforts have not advanced to the level of declaring discoveries, talk-less of claiming that the oil and gas present is in commercial quantities. 

“It is also imperative to state that even after commercial discovery of hydrocarbons, it is pertinent that pronouncements be made only after due validation of claims by the Industry Regulator - the Department of Petroleum Resources (DPR),” Dr. Baru advised.

He expressed the hope that with the clarity provided, all claims and counter claims in respect of the Bida basin hydrocarbon discoveries would be given the befitting rest they deserve, advising that until the conclusion of the current NNPC-led efforts or any other ones in that respect, all claims should be discountenanced.

Dr. Baru maintained that the corporation’s foray into the inland basins was to expand its exploration footprint with a view to improving the nation’s oil and gas reserves, increase oil and gas production and spinoff socio-economic activities across the country.

According to him, NNPC through its relevant subsidiaries is currently engaged in aggressive exploration campaign at most inland basins with a view to discovering new oil and gas reserves that will boost oil and gas production and the extended economic benefits to the people within those basins and the nation at large.

Dr. Baru maintained that NNPC, as the concessionaire of all the blocks in these basins, is committed to working with all stakeholders around the Bida basin and beyond to advance the current efforts to fruition and thereafter follow all the laid down regulations for reporting such discoveries.

“It is our utmost desire that the success of the ongoing exploration campaign in the Inland Basins will usher in a new Nigeria. A new Nigeria with balanced resources distribution; diverse economic activities and sustained energy security as we move towards the industrialised economy we all desire,” the GMD said.

Dr. Baru applauded President Muhammadu Buhari for giving the corporation the mandate and all the necessary support and encouragement to lead a renewed search for oil in the inland basins, adding that the Niger State Government has been very helpful towards the cause of securing Nigeria’s energy future as exemplified by its support for the NNPC exploration activities in the Bida basin.

He also commended the Ibrahim Badamasi Babangida University with respect to the studies carried out on the characterisation of the Bida basin, stressing that the studies would help NNPC in the ongoing exploration activities in the basin.

According to him, the corporation would from time-to-time engage the University for further support in areas relating to the ongoing exploration in Bida basin. “Ours is a symbiotic collaborative relationship with this ivory tower,” he concluded.

The State Governor, Alhaji Abubakar Yahaya Bello, expressed gratitude to the NNPC for engaging the University on the basin exploration, saying that the GMD deserves the recognition bestowed on him by the university.

On his part, the Pro-Chancellor of the University, Dr. Mohammed Santuraki, gave kudos to Dr. Baru on the efficient way he runs NNPC thereby impacting the lives of Nigerians positively.

Earlier, the Vice Chancellor of the University, Prof. Muhammad Nasirudeen Maiturare, thanked Dr. Baru and the NNPC for partnering with the University in the Bida basin exploratory activities, assuring that the University would continue to contribute its quota to the oil search in the basin.

Prof. Maiturare averred that the GMD of NNPC was deserving of the fellowship award, given the corporation’s quest to grow the nation’s reserves base and spread the oil exploration map across the country.

Ndu Ughamadu

Group General Manager

Group Public Affairs Division,

NNPC, Abuja.

30th June, 2018

Source: http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/1036/Oil-Find-in-Bida-Basin-NNPC-Speaks.aspx

Kiiiiiii
Crude oil is found all over herdsmen terrorists republic.

There are more hydrocarbon in IMO river basin of IMO state, yet untapped.

Just to let everyone know this clarification was made weeks ago by Niger government. The discovery of hydrocarbons was confused for comercial oil by journalists.

Bastard Nation

MasterKim:

Sukundi oloripelebe
E pain am

Tayo Hardekunle..

biko try get sense

stevnwigw1:
There are more hydrocarbon in IMO river basin of IMO state, yet untapped.

The one in Anambra...Buhari, Baru and their NNPC aren't interested in, it's to go and waste millions of dollars searching for a needle in a barn full of hay!

Nigeria, the theatre of the absurd and ridiculous!

Because of Buharis nepotism and Bigotry you left all the proven reserves in the Benue trough and went to Borno and Bida to be wasting scarce resources looking for empty phantom oil wells

SalamRushdie:
Because of Buharis nepotism and Bigotry you left all the proven reserves in the Benue trough and went to Borno and Bida to be wasting scarce resources looking for empty phantom oil wells

So some reserves have long been found in the Benue trough

Paperwhite:

So some reserves have long been found in the Benue trough

Yes since the early eighties and they have been even beaconed by the NNPC

“It is also imperative to state that even after commercial discovery of hydrocarbons, it is pertinent that pronouncements be made only after due validation of claims by the Industry Regulator - the Department of Petroleum Resources (DPR),” Dr. Baru advised.

6 more stages then we need final confirmation. Lol this is going to long process.

Oil is the reason why these cows have been shouting one naijeriya

If fulani terrorist can be killing because of cow meat ,I wonder what they would have done if the crude oil in the south was located in the north. They would have killed every living thing.

No wonder they said Niger Delta Oil Belongs To Northern Nigeria

This country is in trouble


https://www.youtube.com/watch?v=EKYA5UbUj2w

is this not the Baru that stole $25m?

jj

Ultimate search

And so?

Confused �‍♀️

You can never see any.

Where is this so called bida basin? I hope no be north oo

Government of sakamanje

There should be crude oil oh! Dig more you have not reached where it is

I had already said it before that there is no single oil in the north....


.. not single barrel is found there..........

They should concentrate more effort on developing areas that have the oil and stop all these hausa fulani politics....

we are all aware they are living on other people's benefit but the lie of seeing crude oil in the north is too much to bear......


Oil cannot and will never be found in the north..........


now tell me why north will agree to restructure or separation...

if anyone knows the meaning of parasite....they are not far from that.

How can you find something that is not existing in the first place. Fruitless effort.

Buhari the phantom petroleum minister chasing shadows... A deluded mind.

But Buhari has mandated you to keep searching or loose your job right?

That gworo chewing brown teeth mofo

iLoveAnambra:
I am a Bastard

Fixed

G