The Nigerian National Petroleum Corporation has revealed it is expecting to discover oil in commercial quantity with an aggressive exploration of the inland basins.
The Nigerian National Petroleum Corporation (NNPC) says there are strong indications that commercial quantity of oil and gas will be found with aggressive exploration of the inland basins.
In a statement signed by Mr Ndu Ughamadu, Group General Manager, Group Public Affair Division, on Tuesday in Abuja, it said the exploration would yield success.
According to the statement, the Group Managing Director of NNPC, Dr. Maikanti Baru made the disclosure when he received a delegation of the Nigerian Association of Petroleum Explorationists (NAPE) executives led by its President, Mr. Abidun Adesanya.
He said that based on preliminary results from the exploration activities in the inland basins so far, especially the Benue Trough, there was a strong indication that commercial quantity oil and gas finds would soon be made.
He added that almost 400 square kilometer (400km²) of 3D seismic data had been acquired in the part of the Benue Trough that was earlier explored by SNEPCO and that similar work would be extended to areas previously explored by Chevron and Total.
“We are targeting these areas because we have seen that some of what they have done has some prospects, it is only that they did not drill deep enough.
“They also did not target the areas we believe, from the review of the seismic data, would have culminated into a find.
“So, we are reinvigorating that and soon we are going to start drilling some of the leads that we have seen to ascertain what prospects there are.
“And as we have pointed out, there is an indication that we could find some hydrocarbon, we believe that in the nearest future hydrocarbon will be found in commercial quantity”, he said.
He, however, commended NAPE for its commitment to growing crude oil and gas reserves in the country.
He added that the resolutions from the association’s conference last year gave great impetus to the aggressive exploration of the inland basins which include Anambra, Bida, Benue, Chad, Dahomey, Gongola, Sokoto.
The GMD said he was ready to deploy capabilities within and outside NNPC to ensure success of the inland basins exploration campaign.
Commenting, Adesanya, commended the GMD for the faithful implementation of the recommendations made at the association’s conference last year in the exploration of the inland basins.
He said NAPE was very impressed with the professionalism being brought to bear on the exploration of the inland basins and that for the first time there was a steady and consistent approach to the campaign.
He also invited the GMD to NAPE’s 32nd Conference and Exhibition billed to hold in Lagos next month.