Biz Point
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions
No Result
View All Result
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions
No Result
View All Result
Biz Point
No Result
View All Result
Home Oil News

JUST IN: NNPC discovers oil in Nasarawa

BizPoint by BizPoint
January 13, 2023
in Oil News
0
JUST IN: NNPC discovers oil in Nasarawa
0
SHARES
88
VIEWS
Share on FacebookShare on Twitter

 

The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state.

It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.

ADVERTISEMENT

NNPC’s Group Chief Executive Officer, Mele Kyari, announced the oil discovery and the planned spud-in when the Governor of the state, Abdullahi Sule, led a delegation of prominent indigenes on a courtesy visit to NNPC in Abuja.

MAI KIFI AD

Kyari, in a statement issued in Abuja by the corporation’s spokesperson, Garba-Deen Mohammad, said the results of exploratory activities confirmed the presence of substantial hydrocarbon resources in the state.

He called for prompt action on the project as the global energy transition had led to a reduction in investment in fossil fuels.

READ ALSO:Why petrol scarcity will persist till June – IPMAN

“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you,” Kyari stated.

He added, “Otherwise, 10 years from now, no one will agree to put money in the petroleum business except it comes from your cash flow.”

He said community support and a conducive environment were key to a successful operation in the area, in order to avoid the experience of the Niger Delta.

In his response, the Nasarawa State Governor, Abdullahi Sule, congratulated the NNPC boss on the successful commencement of oil production and the Kolmani Integrated Development Project which was inaugurated in November 2022 by the President, Major General Muhammadu Buhari (retd.).

He commended the President for his support and assured NNPC of a conducive environment.

On January 5, 2023, The PUNCH reported that NNPC was prospecting for crude oil in more locations across the north, after discovering the commodity in Bauchi and Gombe states.

The report stated that NNPC was taking coordinated steps for more frontier exploration in the region, as part of measures to shore up the country’s oil output and reserves.

The company had disclosed this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022, as outlined some prospective states where oil was expected to be discovered include Niger, Nasarawa, Sokoto, Borno, Yobe, Adamawa, Bauchi, and Gombe.

Beyond the North, the Anambra basin was listed as another area where the NNPC was striving to find more oil.

Prospecting is the first stage in discovering the oil and gas fields, under which seismic surveys are carried out.

PUNCH

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X

Ad 2
Tags: Oil News
ADVERTISEMENT
Previous Post

Why petrol scarcity will persist till June — IPMAN

Next Post

JUST IN: NNPC announces date to commence drilling of oil discovered in Nassarawa

BizPoint

BizPoint

Related Posts

Fuel scarcity looms as NUPENG begins nationwide strike
Oil News

Fuel scarcity looms as NUPENG begins nationwide strike

September 6, 2025
JUST IN: Oil price falls ahead of OPEC+ meeting: See new global rate
Oil News

JUST IN: Oil price falls ahead of OPEC+ meeting: See new global rate

September 4, 2025
NNPCL reduces N5 on petrol pump price
Oil News

After Dangote’s call to ban fuel importation, marketers reduce petrol prices below his refinery’s cost

July 30, 2025
NNPCL reduces N5 on petrol pump price
Oil News

NNPCL reduces N5 on petrol pump price

July 24, 2025
Dangote reduces ex-depot petrol price
Oil News

Again Dangote slashes ex-depot petrol price

July 1, 2025
BREAKING: Petrol price hike looms as Dangote refinery announces major decision
Oil News

BREAKING: Petrol price hike looms as Dangote refinery announces major decision

March 19, 2025
Next Post
NNPC to fund road projects with additional N1 trillion – Kyari

JUST IN: NNPC announces date to commence drilling of oil discovered in Nassarawa

ADVERTISEMENT

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
RE: From NEPU to Asara — By Ibrahim Bello Kano

RE: From NEPU to Asara — By Ibrahim Bello Kano

August 21, 2025
UPDATED: Kano gov announces date for implementation of new minimum wage

UPDATED: Kano gov announces date for implementation of new minimum wage

October 29, 2024
Petrol subsidy hits N2.57tr as supply rises by 10%

JUST IN: Tinubu considering partial reversal of fuel subsidy on petrol

August 15, 2023
How Katsina oil mogul ordered arrest of man over social media post

How Katsina oil mogul ordered arrest of man over social media post

July 15, 2024

Hello world!

1

5 dead, 4 rescued in canoe mishap

0

Naira weakens again, down by 0.29 percent

0

UBA Foundation opens portal for 2022 essay competition, announces prizes

0
Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

September 7, 2025
Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

September 7, 2025
Subsidy removal: Labour offers fresh threat

NLC ta baiyana buƙatar ta ga Tinubu kan mafi ƙarancin albashi 

September 7, 2025
BREAKING: NNPP expels Abdulmumin Jibrin, says he adds no value to party

BREAKING: NNPP expels Abdulmumin Jibrin, says he adds no value to party

September 6, 2025

Recent News

Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

September 7, 2025
Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

September 7, 2025
Subsidy removal: Labour offers fresh threat

NLC ta baiyana buƙatar ta ga Tinubu kan mafi ƙarancin albashi 

September 7, 2025
BREAKING: NNPP expels Abdulmumin Jibrin, says he adds no value to party

BREAKING: NNPP expels Abdulmumin Jibrin, says he adds no value to party

September 6, 2025
(adsbygoogle = window.adsbygoogle || []).push({});
Biz Point

© 2024 Biz Point

Navigate Site

  • Home
  • About Us
  • Contacts
  • Disclaimer
  • Privacy & Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions

© 2024 Biz Point