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 Click to signup for FREE news updates, latest information and hottest gists everyday
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Let there be oil in north so that we can have a better deal down south
ReplyDeleteYes. Nigerians will be free from the north burden. Once this is confirmed they will request to leave nigeria. Yoruba over to you
ReplyDeleteOmo yibo better close your mouth. You be our slave till thy kingdom. 419 bastard.
DeleteEnter your reply...Ondo and Lagos aren't a Yoruba State. Refrained your statement
DeleteI 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
ReplyDeleteI'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
DeleteAllow 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
ReplyDeleteGood riddance of bad rubbish.
ReplyDeleteThis is good news! now the south can be free from northern yoke and shackles! Now we develop freely, no more hindrances
ReplyDeleteAmen. Now we would be free from sickos
ReplyDeletethank God that we have everything in the North
ReplyDeleteSome people dey jealosy. Why is it that Africans are never their brothers keepers?
ReplyDelete