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Crude Oil Discovered In Benue In Commercial Quantity - NNPC - Politics - Nairaland

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Crude Oil Discovered In Benue In Commercial Quantity - NNPC by ikorodureporta: 7:34am On Nov 20
Crude Oil Discovered In Commercial Quantity In Benue Trough – NNPC

Crude oil has been discovered in the Benue Trough in commercial quantity, with Nigerian geologists spearheading the efforts, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has said.

Kyari stated this while delivering a goodwill message at the opening ceremony of the 38th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) where he was a Special Guest, a statement from the corporation said on Thursday.

He reiterated NNPC’s resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country.

The statement by the Group General Manager, Group Public Affairs Division of NNPC, Dr. Kennie Obateru, quoted Mallam Kyari as said the strategy is to aggressively explore for more oil in the frontier basins in order to grow the nation’s reserve base, in line with the Federal Government’s aspiration to hit the 40billion barrels reserve target.

Mallam Kyari said the theme of this year’s conference: “Accelerating Growth in Nigeria’s Hydrocarbon Reserves: Emerging Concepts, Challenges and Opportunities” fits squarely into NNPC’s key aspiration, which is to grow the nation’s hydrocarbon reserves, reduce unit operating cost of crude oil production to $10 per barrel and improve efficiency across its businesses.

“It is my pleasure to appreciate the good work and resilience of our in-house professionals in the ongoing inland basins exploration activities that culminated in the recent discovery of hydrocarbons in Benue Trough. NNPC is indeed proud that it is NAPE members that are spearheading this effort,” Mallam Kyari stated.

According to him, the NNPC has made significant progress in improving operational efficiency through the adoption of technology and deliberate effort to curtail soaring cost of operations across strategic assets.

“It is instructive to understand that the current market reality cannot support inefficiency and escalated costs of operations. The era of $30/bbl oil no longer exists.

“In today’s Covid-19 defined market, sustaining operations and making progress means that all stakeholders must recognize the need to improve efficiency, reduce costs, eliminate wastages, entrench accountability, act with transparency and embrace technology and innovation to drive performance and value realization across strategic investment portfolios,” he posited.

The NNPC helmsman added that in the face of the energy transition, the Corporation is focused on developing gas infrastructure and deepening domestic gas utilization, stressing that gas is the energy of the future.

The GMD expressed optimism that the Petroleum Industry Bill would be passed next year, noting that the fiscal environment proposed would attract more investment into the Oil and Gas Industry.

He assured NAPE and all other industry operators of sustained collaboration from NNPC, saying that the strategy of synergy was required in order to drive down operating cost and survive the emerging challenges in the industry.

Source: https://dailytrust.com/crude-oil-discovered-in-commercial-quantity-in-benue-trough-nnpc

5 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by ikorodureporta: 7:37am On Nov 20
dats y "herdsmen" dey try to take over the land.. just as boko don seize the one @ Chad basin

82 Likes 5 Shares

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Pepsi4me(f): 7:53am On Nov 20
Hmmmmm
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by inoki247: 7:54am On Nov 20
okay mak dem dey chop dere fuel pending the time wey e go dey useless...

When Fuel finally dey useless nd we can't export to sell anymore maybe we go dey bath with am, dem no gri diversify mak dem still dey find fuel up nd down...

55 Likes 3 Shares

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Igbochief001(m): 7:56am On Nov 20
Nsukka in enugu and Ebonyi all have comercial oil and gas that Nigeria have refused to develop for reasons best known to them

The first place oil was discovered n mined in Nigeria is in the present day ebonyi .... But no p Sha

54 Likes 2 Shares

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Racoon(m): 7:56am On Nov 20
They know this fact for a long time but the NNPC choose to go on a fruitless exploration in the BH terrorist infested Lake Chad Basin & other unviable locations up north.

26 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by 9jawear: 8:48am On Nov 20
when the world is switching to electric cars and alternative energies

61 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Biafrannuke: 9:04am On Nov 20
Idoma will soon change to "Benue trough" the way some parts of Igboland and Ijawland changed to "Niger Delta"

59 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by slawormiir: 12:17pm On Nov 20
Damnnn niggarrrr
Isoright

3 Likes 1 Share

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by JamParkMe: 12:18pm On Nov 20
Its too late. Solar and wind energy is cheaper, cleaner and more abundant than oil.

6 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by GIANTPLUSHUB: 12:18pm On Nov 20
We should be talking less about oil as several countries are advancing in moving away from oil. Well, he go tey before Nigeria advance so Nigeria citizens would be the major buyers.

Got anything to buy from any India/USA/china sites? Check my signature below.

1 Like

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by R0kstarr8(m): 12:18pm On Nov 20
Hope the Government won't use the opportunity to Capitalise on this one...
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by TooMuchStuff: 12:19pm On Nov 20
Thank God it's Middle belt region.

3 Likes 2 Shares

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Zontage: 12:19pm On Nov 20
Other nations are discovering amazing talents and digitalizing all sectors and these ones are here celebrating a "discovering" of what we have since the inception of this country.

I keep asking these question all the time. Does it mean that our leaders are not cognizant of the fact that the world is changing and nobody cares about our oil again?

8 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by 9jayes: 12:19pm On Nov 20
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Cumtroller: 12:19pm On Nov 20
Benue and other states in the vicinity should tow the line of Zamfara and sell the Crude to the Federal Government.

This country no balance. Fvck Buhari!!!

2 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Perfecttouchade: 12:19pm On Nov 20
Oil flow
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by moneyshop: 12:19pm On Nov 20
Even though I don't study petroleum Engineer, I one time read that crude oil is passing over.

Our government should stop dependable on oil products, solar energy is taking over oil.

Probably, I have experience little here, I'm actually a First classes graduation of English Languwage, so I may not known so much about oil

I am right probably

1 Like

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by SpecialAdviser(m): 12:19pm On Nov 20
Nonsense people. When the world is doing away with petroleum.
What we want to hear is how many of our looted funds have been discovered.

1 Like 1 Share

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by DropsMic(m): 12:20pm On Nov 20
Hm

1 Like

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Balenciagaokey: 12:20pm On Nov 20
cool
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Badonasty(m): 12:20pm On Nov 20
lol.........one of your biggest customer is about to close it's account with you, you're still discovering upandan...... even Arabian countries have started diversifying into different sectors like tourism and tax free banking....... una dey form Dora the explorer dey discover wetin no get value

4 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by sotall(m): 12:20pm On Nov 20
undecided
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Splitmind: 12:20pm On Nov 20
Terrorists will also be conveniently discovered in the same area.

2 Likes 1 Share

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Kingv(m): 12:20pm On Nov 20
NNPC ooo, Federal Government and every other person involved need to wash their brains with hypo. The world is fast changing and we are absolutely doing nothing about it...Next 10 years go shock una

8 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Soarr(m): 12:20pm On Nov 20
Mtchew
Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by ignis(f): 12:20pm On Nov 20
Audio crude oil

2 Likes

Re: Crude Oil Discovered In Benue In Commercial Quantity - NNPC by Openbusiness: 12:20pm On Nov 20
Watch how the killer Fulani herdsmen will resume their invasion attacks and mass killings. They want Benue State for 3 reasons: 1) extremely fertile lands 2) mineral resources 3) middle belt zone (they want the entire Middlebelt)

9 Likes 1 Share

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