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NNPC to recommence oil exploration in Lake Chad Basin

The NNPC has announced it will resume oil exploration in the Lake Chad Basin.

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The Minister of State for Petroleum Resources, Chief Timipre Sylva, announced that the Nigerian National Petroleum Corporation (NNPC) will resume oil exploration in the Lake Chad area.

The Minister disclosed this on Thursday while speaking with Army Chiefs at the Chad Basin in Borno.

It would be recalled that oil search in the Chad Basin was suspended after a team of NNPC Frontier Exploration Services and their consultants from the University of Maiduguri were attacked and some of them abducted on July 25, 2017.

What you should know 

The NNPC’s search for oil in the North is not recent. Nairametrics reported in 2019 that the NNPC restated its commitment to recommence oil exploration activities in the Lake Chad Basin once security clearance was approved for the exploration company.

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Nairametrics also reported in 2019 that the NNPC discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe States.

The Minister thanked the Army for fighting insurgency in the area, which has made the possibility for oil exploration feasible in the area as peace returns.

“The reason why we came here is to first and foremost thank the Chief of Army Staff and the Nigerian Army for the great job they have continued to perform in the North East.

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“We believe that without their gallant activities here, we in Abuja will not also be living safely, neither will we be living safely anywhere in the world.

“Having thanked them, we also want to commence exploration and drilling activities here, because we believe that there is relative peace in this area enough for us to continue drilling activities in the North East,” Sylva said.

The Minister disclosed that NNPC found oil in Gombe last year and believes there are a lot more deposits to be found in Chad Basin.

“As you may well know, we have found oil in Gombe and we believe that there is a lot of oil to be found in the Chad Basin. We have seen a lot of prospects in the Chad Basin and we want to commence exploration and drilling activities.

“That is why we are collaborating with the Nigeria Army to ensure that security is provided for activities to commence very soon,” he said.

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2 Comments

2 Comments

  1. Ajao O M

    November 6, 2020 at 9:25 am

    Let us consolidate on the oil that we have now, make good profit, refine for local and foreign use.
    This will provide more job and comfort for Nigerians. International market price should no more be our worry.
    thereafter we can look for more oil anyway. Just my own opinion.

  2. Okuoka Edirin Maxwell

    November 6, 2020 at 8:33 pm

    NNPC have spent about $3b dollars looking for oil in the northing to show for the wasteful venture,now you want to waste more of the money to empower entrepreneur on another wasteful venture.
    Please tap the gold reserve and other mineral resources we know are available and add that to the oil we already have

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Energy

Engineer Sanusi Garba assumes office as Chairman of NERC

The new NERC boss has assumed office today in an investiture event witnessed by other Commissioners of the Commission.

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Engineer Sanusi Garba, today, December 3, 2020, formally assumed office as the Chairman of the Nigerian Electricity Regulatory Commission (NERC).

This is according to the statement issued by the media team of the NERC via the official Twitter handle of the Commission.

Engineer Garba whose appointment was confirmed by the Nigerian Senate on Tuesday will be replacing Professor James Momoh, the outgoing chairman of the Commission.

Speaking at the handover ceremony today, the New Chairman of the Commission recognized the efforts and the hard work of Prof. Momoh and thanked the outgoing chairman for his contributions to the development of the Commission and the sector in general.

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However, Professor Momoh on his part pledged his continuous support to the Commission and thanked President Muhammadu Buhari for the opportunity to serve the country.

What you should know

  • The new Chairman of Nigerian Electricity Regulatory Commission (NERC), Engineer Sanusi Garba is a seasoned professional in the Nigerian Energy Supply Industry (NESI), and also a top officer in the Commission.
  • Prior to his nomination as the Chairman of NERC, Garba served as the Vice Chairman of NERC, under the leadership of Prof. Momoh. He also served as the Chief Executive of Katsina Steel Rolling Co. Ltd and the Director (Power) in the Federal Ministry of Power with responsibility for the Generation, Transmission and Distribution aspects of the electricity industry.
  • He also served as Executive Director (Generation) at the Niger Delta Power Holding Co. Ltd during which he provided technical and commercial leadership for the efficient operation of seven (7) NIPP thermal power plants.
  • Engr Garba, who is a seasoned professional has served on many Federal Government Committees including the Presidential Committee on Power Sector Reform (2007/8) and the Presidential Task Force on Power (2009/10).

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Energy

Buhari moves against DISCOs that collect money for prepaid meters

President Buhari has warned that tough measures will be taken against DisCos or their agents selling prepaid meters to their customers.

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Buhari moves against Discos and agents that collect money for prepaid meters

President Muhammadu Buhari said he will enforce tough measures against any electricity distribution company (Discos) or their agents selling prepaid meters to their consumers, against the directive that they should be distributed free.

According to a report from Punch, this disclosure was made by the Special Adviser to the President on Infrastructure, Ahmed Rufai Zakar, who represented President Buhari at the FGN/NLC-TUC ad-hoc committee on electricity tariff stakeholders engagement in Ibadan, Oyo State on Wednesday, December 2, 2020.

He said the President understands the plight of Nigerians on issues surrounding electricity and is determined to deal with bad elements.

(READ MORE: Power: Distribution of meters resumes in Lagos, Abuja, Kaduna and others)

What they are saying

He said, “We have made it very clear through the regulator’s direct order, as well as intervention from the Ministry of Power that the meters are to be provided to Nigerians at no cost. Even for meters that were paid for, there is the directive from the regulator to the discos that they would need to find a way to reimburse those citizens over time.

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“In cases where we find any disco or disco representatives selling the meters or exploiting Nigerians to be able to get meters by paying, we would take the full measures of the law. The President has mandated that these meters must be free. We have also said that they must come from local manufacturers. This would create jobs and revive our industry.

What you should know

  • The President had earlier directed that 6 million prepaid meters manufactured or assembled locally should be made available to electricity consumers to stop their opposition against estimated billing and even increase in electricity tariff.
  • While stating that he remains committed to the protection of poor and vulnerable Nigerians from increased electricity tariffs and arbitrary estimated billings, the President said he is working to ensure that Discos commit to increasing the number of hours of electricity supply everyday and improve on the quality of service.

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Energy

TCN restores collapsed electricity grid

TCN has now restored the electricity grid system which collapsed across the country over the past weekend.

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The Transmission Company of Nigeria (TCN) has restored the collapsed electricity grid system across the country.

This was disclosed by the Acting Managing Director of TCN, Mr Sule Abdulaziz, during a media briefing on Wednesday.

According to the TCN boss, the system which collapsed on Sunday evening was restored within 40 minutes of the incident.

He said, “The company immediately went into action and stabilised the system in Abuja, before other parts of the country. There is nothing strange but it is normal for a system to collapse and that can happen in any country of the world.

“Since I came on board, we never had any system collapse and this one that happened on Sunday was restored immediately which is the fastest system collapse recovery. We are guarding the grid, we don’t want the system collapse to happen, but when it happens, the most important thing is what was done and how it was done to restore the system.”

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What you need to know

Three days ago, Nairametrics reported that the recent power blackout in the country was due to multiple trippings.

General Manager, Public Affairs, TCN, Ndidi Mbah, who made the announcement through a statement said the company had started the process of restoration to the national grid.

Mbah pointed out that the places that power is yet to be restored were Calabar, Makurdi, Jos, Gombe, Yola, Ugwuaji and Maiduguri axis.

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She stated, “The Transmission Company of Nigeria (TCN) regrets to inform electricity consumers nationwide that at 11:25 am today, the nation’s electricity grid experienced multiple trippings, which led to the collapse of the system.’

“TCN has since commenced grid restoration; power has been successfully restored to every part of the country, except Calabar, Ugwuaji, Markurdi, Jos, Gombe, Yola, and Maiduguri axes. The effort is however ongoing to ensure full restoration nationwide.”

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