NNPC turns attention to northern Nigeria

ABUJA, May 16, 2017 – Nigeria’s Nigerian National Petroleum Corporation (NNPC) said on Monday that it would resume exploration efforts in the Lake Chad basin.

Work there was previously halted due to Boko Haram violence, yet in recent months the militant group has suffered several defeats in the area. Drilling could be resumed within 6 weeks, the company added.


“This is necessary with our renewed efforts in harnessing oil, gas and power to increase the economy of the nation, in line with the agenda of President Muhammadu Buhari in job creation and economic diversification,” Saidu Mohamed, NNPC’s CEO of gas and power, was quoted as saying by local and international media.

In recent weeks, as Lekoil lifted its first cargo produced in the Otakikpo marginal field, speculation has also grown regarding an upcoming marginal field bidding round in Nigeria.

According to a report in the Vanguard newspaper, some 40 fields including 2 discoveries by Eni’s local subsidiary Nigerian Agip Oil Company are to be put on offer later this year.

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