20 July 2017

Nigeria: Chad Basin - We're Still Waiting Military Clearance to Resume Oil Search - NNPC

The Nigerian National Petroleum Corporation (NNPC) said it is awaiting military permit to resume oil exploration activities in the Chad Basin.

The quest to strike oil in the Lake Chad suffered setbacks following suspension of seismic data gathering operations, due to insurgency in the region.

NNPC had announced in May that it would resume operations by July following improved security in the region.

Group Managing Director of NNPC, Dr Maikanti Baru, said at a two-day conference in Abuja yesterday that "We are just waiting for the final green light for us to go back there."

"We have to grow our reserves as we have had zero or little exploration for the past few years," Baru, represented by NNPC's Chief Operating Officer, Gas and Power, Saidu Mohammed, said.

Nigeria

Govt Asks Court to Return Nnamdi Kanu to Prison

The Federal Government has urged a Federal High Court in Abuja to revoke the bail it granted leader of the pro-Biafra… Read more »

Copyright © 2017 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.