The resolution was reached after efforts to placate militant groups in Niger Delta failed.
The exploitation of oil outside the traditional crude oil stronghold is to plug the hole created by destruction of oil and gas infrastructure by the militant groups.
Oil drilling in the Delta, Rivers and Bayelsa states have largely been disrupted by insecurity in the areas bringing down the daily production to one million barrels from 2.2 million barrels.
The ministers of state for petroleum, Dr. Ibe Kachikwu, on Friday confirmed oil drilling in the Chad Basin saying it will start in the last quarter of this year.
Chad Basin is located in the northeast where activities of Boko Haram have been countered significantly.
“The decision to diversify our business portfolio is about all of us and about the future of our dear country, the vision is clear, and we are determined not to fail,” Dr Kachikwu said.
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Kachikwu, I too like you and your moves.
ReplyDeleteI too like it.
ReplyDeleteSoon, after the niger deltans have succeeded in driving away the foreign companies involved in the exploration of crude oil in their region, we will see what will become of them. 'cos the government will also be forced to look the other side away from the region.
ReplyDeleteLoooool
ReplyDeleteThis action would speed up the brakeup expetation..And eventuary the north would rise to demand for their right.
ReplyDeleteAll is well, we are just waiting for our own, our time
ReplyDeleteLord, please make this possible. Let the oil have more quality than the British Brent and greater than what Venezuela has.I pray in Jesus' name. Somebody say Amen
Delete