21 oil wells full of prospects discovered in Northern Nigeria | Nigeria News Today. Your online Nigerian Newspaper

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The quest for oil in the Lake Chad Basin area of Northern Nigeria is yielding fruitful results as about 21 oil wells out of the 23 drilled so far have potentially of full prospects of oil.

The emerging facts by Authority Newspaper indicated that a total of 23 oil wells have already been drilled by prospecting oil companies that have engaged in oil exploration in the North in the past 30 years.

While 21 of these wells are said to hold some prospects of oil in commercial quantity, only two of the wells reportedly hit a dry run.

Authority Newspaper also gathered that the search for oil in the North has, so far, gulped a whopping sum of about N27 billion and $340 million respectively.

The Nigerian National Petroleum Corporation (NNPC) is reportedly gearing up to pump more money into the quest – in compliance with the recent Presidential directive to resume oil exploration in the North.

A recent document prepared by the NNPC, dated October 7, 2016 and marked “up-date” on the oil exploration activities in the Lake Chad Basin also revealed that 33,550 sq km of 3-D seismic data would soon be acquired for processing, in an effort to get a clearer picture of oil reserves in the area.

But the tone of the report shows that the prospects of oil in the North are still mere potentials and remain in the realm of possibilities


Source: Authority Newspaper

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  1. Let there be oil in north so that we can have a better deal down south

    ReplyDelete
  2. Yes. Nigerians will be free from the north burden. Once this is confirmed they will request to leave nigeria. Yoruba over to you

    ReplyDelete
    Replies
    1. Omo yibo better close your mouth. You be our slave till thy kingdom. 419 bastard.

      Delete
    2. Enter your reply...Ondo and Lagos aren't a Yoruba State. Refrained your statement

      Delete
  3. I thank God, let this news be positive because I'll bid for oil well as a hard core Igbo businessman. I hope I can buy up to 10 wells. Please Buhari remember me when sales begin

    ReplyDelete
    Replies
    1. I'm not sure if any Igbo man will tie down his money in oil business in which you might wait for 10yrs to see the first barrel of oil and make the first dollar. Omo Igbo with sharp sharp business.........lol

      Delete
  4. Allow Biafra to be now . south-south may join if they like. South-west and North now have oil .Buhari and National Assembly should let Biafra go in peace

    ReplyDelete
  5. This is good news! now the south can be free from northern yoke and shackles! Now we develop freely, no more hindrances

    ReplyDelete
  6. Amen. Now we would be free from sickos

    ReplyDelete
  7. thank God that we have everything in the North

    ReplyDelete

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