NIGERIA TO SHIFT CRUD OIL DRILLING FROM TROUBLE NIGER DELTA TO LAKE CHAD.
Nigeria to start drilling crude oil in Lake Chad Basin region over bombing of oil facilities in N/Delta area by NDA and its other groups.
The statement was made after efforts to calm militant groups in Niger Delta has failed.
The exploitation of oil outside the doctrine crude oil fortress is to hack the hole created by destruction of oil and gas facilities 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.
According to Dr Ibe Kachikwu, “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,”
The oil field already mapped out and secured covers 3,350 square kilometres.
The production from the well would help
achieve the daily target of 2.5 million
barrels.
The statement was made after efforts to calm militant groups in Niger Delta has failed.
The exploitation of oil outside the doctrine crude oil fortress is to hack the hole created by destruction of oil and gas facilities 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.
According to Dr Ibe Kachikwu, “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,”
The oil field already mapped out and secured covers 3,350 square kilometres.
The production from the well would help
achieve the daily target of 2.5 million
barrels.
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