Want to put texts adverts here? Contact Us Click here!

Nigeria To Earn N32tr From North’s New Oil Fields

Nigeria To Earn N32tr From North’s New Oil Fields


Nigeria may be in for another breakthrough in oil exploration as the first of such activities debut in the North on the Kolmani River range spanning Bauchi and Gombe states with fresh 1 billion barrel oil reserve generating over N32 trillion, when developed.

Daily News Report at the weekend, confirmed from multiple sources at the Nigerian National Petroleum Company Ltd (NNPC) that President Muhammadu Buhari will on Tuesday supervise the first oil drilling in the North. The development is historic for Nigeria, with the country now boasting of crude oil reserves in both its southern and northern parts of the Country.

An official said that the oil finding activity would be the first major oil exploration since NNPC transformed into a commercially viable entity.

Drilling on the Kolmani Oil Prospecting Licence (OPL) 809 and 810 at the Kolmani field sites in Bauchi and Gombe will be the first oil drilling in Northern Nigeria after oil discovery in commercial volume was announced nearly two years ago.

Post a Comment

Cookie Consent
We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
Oops!
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.
Site is Blocked
Sorry! This site is not available in your country.