Nigeria's crude

The Nigerian National Petroleum Corporation (NNPC) discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe States, yesterday.

The Details: This is coming eight months after President Buhari flagged off the exploration of oil in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country.

[READ MORE: NNPC vows to be transparent, set to publish details of petroleum product supplies]

According to Samson Makoji, the Acting Group General Manager, Group Public Affairs Division, the corporation acquired 435.54km2 of 3D Seismic Data over Kolmani Prospect in the Upper Benue Trough, Gongola Basin.

The essence was to evaluate Shell Nigeria Exploration and Production Company, (SNEPCo), Kolmani River 1 well discovery of 33 BCF while exploring deeper levels.

How it was discovered: Makoji said the oil well was drilled to a total depth of 13,701feet with “IKENGA RIG 101″ where they encountered several layers of oils and gas.

He added that a Drill Stem Test (DST) would be carried out to determine the commercial viability and flow of the Kolmani River reservoirs.

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He said,On Thursday 10th October 2019, at 18:02hours, one of the reservoirs was perforated and hydrocarbon started flowing to the wellhead at 21:20hours in which the gas component was flared to prevent air charge around the rig.

Deal book 300 x 250

Preliminary reports indicate that the discovery consists of gas, condensate and light sweet oil of API gravity ranging from 38 to 41 found in stacked siliciclastic Cretaceous reservoirs of Yolde, Bima Sandstone and Pre-Bima formations. Computation of hydrocarbon volume is on-going and will be announced in due course.

“The Corporation has also acquired additional 1183km2 of 3D seismic data over highly prospective areas of Gongola Basin with a view to evaluating the full hydrocarbon potential of the Basin.

“NNPC has deployed world-class cutting-edge technologies including Surface Geochemistry, Ground Gravity/Magnetic, Stress Field Detection, Full Tensor Gradiometry aerial surveys to de-risk exploration in the frontier basins. The NNPC plans to drill additional wells for full evaluation of the hydrocarbon volume in the Gongola Basin.” 

Part of the areas that will undergo oil and gas exploration include the Benue Trough, Chad Basin, Sokoto and Bida Basins.

Makonji noted that the President also promised to prioritize Dahomey and Anambra Basins which have already witnessed oil and gas discoveries.

[READ ALSO: Shutdown of OML 25 cost Nigeria over $1.7 billion – NNPC]

What this means: Oil and gas is the mainstay of Nigeria’s economy. The discovery of oil and gas in commercial quantity in the Gongola Basin will attract foreign investment, generate employment for people to earn income and increase government revenues.

2 COMMENTS

  1. Am sorry to say that this is no good news to well discerning Nigerians. In thirty years time from now the world would have moved to electronic made car’s so the oil you are busy spending/wasting tax payers money to discover where do you intend to sell it?
    Who are your prospective buyers?
    It’s high time we begin to do things right in this country. If the level of zest and seriousness deployed in this adventure has been deployed in diversifying our economy in the solid mineral sector that would been a better welcoming development. Or if the billions of dollars invested in this project where deployed in the area of massive human capital development at the end Nigeria would have been a better country.
    What about the huge deficit of infrastructure in the country that the government are only paying a lip service to.
    The narratives must change if we must move forward as a country.

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