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    MarketForces Africa » MarketForces News » Oil Exploration Commences in Nasarawa
    News

    Oil Exploration Commences in Nasarawa

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMarch 28, 2023Updated:March 28, 2023No Comments2 Mins Read
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    Oil Exploration Commences in Nasarawa
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    Oil Exploration Commences in Nasarawa

    Waiting time is over as President Muhammadu Buhari on Tuesday inaugurated the first oil drilling of the Ebenyi-A Exploration Well located in the Middle Benue Trough in Obi Local Government Area of Nasarawa State.

    Buhari in his virtual spud-in ceremony of the Well admonished the Nigerian National Petroleum Company Ltd. (NNPCL) and its partners to take due care of the environmental consequences of the oil exploration activities and to mitigate the negative effects.

    Gov. Abdullahi Sule of Nasarawa State, and Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari, among others performed the spud-in ceremony on behalf of Buhari.

    Other dignitaries in attendance were Mr Gbenga Komolafe, Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), retired Justice Bage Muhammad, Emir of Lafia and some royal fathers, among others.

    Buhari said the new oil discovery was in line with the ongoing campaigns for the exploration of crude oil and gas in the nation’s Frontier Basins.

    This, he said included the Chad Basin, Dahomey Basin, Anambra Platform, the Calabar Embankment, Sokoto Basin, Bida Basin, Benue Trough as well as the Ultra-Deepwater Niger Delta.

    “Today’s occasion marks the official commencement of exploration drilling activities in the Middle Benue Trough.

    “This is consistent with the commercial discoveries of hydrocarbons in the Kolmani Area of the Upper Benue Trough.

    “I am pleased to note that activities are currently ongoing to develop the Kolmani petroleum discoveries to commercial production to add to the nation’s considerable hydrocarbon assets.

    “I am encouraged by the enormous work done by NNPC Limited to exploit the prospects in the Middle Benue Trough, leading to the event of today,” he said.

    The president congratulated the NNPCL, the NUPRC and other partners for their immense contributions toward making the exploration possible.

    He expressed pleasure with the consequent positive outcomes of the drilling campaigns which he said would lead to greater prosperity for Nigerians and especially enhance overall energy security for the country.

    Buhari further said that the surrounding communities would particularly benefit from the value that would be created by the exploration and the eventual production activities.

    He expressed gratitude also to the government and people of Nasarawa, especially the host community for their unfettered support and collaboration toward the success of the exploration campaign. #Oil Exploration Commences in Nasarawa

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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