3 December 2012

Nigeria: Technical Hitch Hindering Oil Search in North - NNDC

Kaduna — Technical and collaboration problems are major impediment to the search for oil in the north, Chairman of board of the New Nigeria Development Company (NNDC) limited, Professor Halidu Abubakar, has said.

NNDC has been on search for oil in the north for many years. Daily Trust reports that Kwara and Sokoto states government had recently announced the discovery of oil in their domains.

Speaking to newsmen at the end of their 44th Annual General Meeting (AGM) in Kaduna, Abubakar said though they are working hard in their search, it is the NNPC that has the technology and the right for the search.

"The search for oil is not an ordinary exercise. There are so many factors that are involved. We can't just start searching for oil around; NNPC has the technology and the right to do the search. There have been hitches here and there about our collaboration. For instance, the search for oil in Chad Basin that has been on for over 10 years and the problem is just seismic data," he said.

On Benue Trough, he said his company is working hard to harness the enormous gas deposits in the area for the establishment of Independent Power Plant (IPP).

"We have been told that the predominate reserve there is gas and not oil. We have been working although quietly with some partners to see that in the nearest future we use the gas deposit for IPP.

"The fact that Niger Republic has got does not automatically translate to us getting. Yes, we may have deposit of oil but there are still technical problems. Very soon we will overcome it. We are following due process but there are many hurdles and bottlenecks that we have to cross," he said.

He said his company has gone far in an effort to merge its Gamjitel Telecommunications company with Backbone Connective Network (BCN) with the aim of producing a bigger and vibrant telecommunications company.

On the plan of his company, he said, in the next five years, the NNDC would work hard to boost agricultural production, development of solid minerals, massive investment in property development and resuscitation of promising ailing industries in the north.

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