Connect with us

Oil & Gas

NNPC mulls growing nation’s reserve to 40bn barrels by 2023 -Kyari



NNPC mulls growing nation’s reserve to 40bn barrels by 2023 -Kyari

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.

Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic data acquisition in the Bida/Sokoto Basin in Minna on Wednesday.

Kyari said that efforts were ongoing for exploration of inland basins with a realistic and achievable target of growing the nation’s reserve.

“Efforts in the search for hydrocarbons in the frontier basins have been intensified and more geological targets are identified for exploration, ” Kyari, who was represented by said.

Kyari, who was represented by Alhaji Abdullahi Bomai, Group General Manager, Frontier Exploration Services, explained that 600 kilometers of two dimensional seismic data would be required as prospects in Bida Basin to further evaluate the potential of the basin.

He said that the programme would cover eight local government areas in Niger state which include; Mokwa, Lavun, Gbako, Bida, Katcha, Agaie, Edati and Lapai, adding that two were in Kwara and one in Kogi.

According to him, a lot of skilled, semi-skilled and unskilled workers will be engaged into different categories, adding that the operations were usually associated with damage to land, crops and economic trees.

“It is the industry standard to assess such damages and provide appropriate compensations to affected persons and communities so as not to cause panic or disturbance,” he added.

The GMD disclosed that surface geochemistry, ground gravity/ magnetic, stress field detection, full tensor gradiometer aerial surveys had been deployed to further explore large areas and derrick prospects in the frontier basin.

He said they have also identified prospective hydrocarbon exploration targets in the basin.

Kyari added that the samples collection and preparation was carried out by IBB University Lapai consultancy services.

Responding, Gov. Abubakar Bello of Niger, commended the management of NNPC involved in the process research and expressed optimism that the state would soon be among oil producing state.

He said that the state government would give necessary support and cooperation needed for the commencement of hydrocarbon exploration in the state.

Bello noted that aside, revenue and financial advantages, it would create jobs and give Niger people the opportunity to acquire training on oil and gas.

“Beyond the financial benefits, it will bring about social and economic development of host communities, carry the communities along and engage them as host communities to avoid issues,” he said.

He advised them to meet with stakeholders of the affected communities for them to be aware of every activities.

Edited By: Dorcas Jonah/Ismail Abdulaziz (NAN)

Iliya Rita: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

Lawyer calls for arrest of publisher for infringing right WHO ramps up COVID-19 support to hotspot countries in Africa Man, 24, bags 4-year jail term for burglary, stealing Osinbajo wants innovative technology suitable for courtroom Floods displace 150,000 in eastern South Sudan Court fixes Sept. 29 to rule in no-case-submission filed by El-Zazaky Britain to fund Northern Ireland trade declaration system Lagos Govt. conducts 66,000 COVID-19 sample tests NEMA warns of likely flooding in 28 states, 102 local governments Trader arraigned on alleged theft of laptop, cell phones Minister appeals to NASS for improved budget for physical planning in FCT Rotary Governor tasks members on impactful projects for underprivileged Kwara community hands over upgraded NSCDC outpost, donates patrol vehicle Soil Science Institute partners ministry to enhance food production Tricycle rider docked over alleged phone theft Woman in court for allegedly misappropriating N144, 740 Gov. Okowa felicitates Obiano at 65 NLC urges Air Peace, others to reinstate sacked workers within 2 weeks Court dissolves 13-year-old marriage as wife starves husband of sex COVID-19: Mobile court convicts 39 defaulters for violating protocols in Edo LASUTH Medicine Dept donates scrubs to doctors Ganduje wants partnership with FG to boost gold trade Nigerian Shippers’ Council donates medical items to Ilorin General Hospital Insecurity: Gov Bagudu urges traditional rulers to support community policing Businessman in court over alleged N1.4m fraud Buhari meets Edo APC Gubernatorial Candidate,Ize Iyamu at Aso Villa Oil slips below $45 on-demand concerns, set for weekly rise Mauritius facing environmental crisis after oil spill Sumo wrestler’s retirement offer rejected in spite of breaking COVID-19 rules Court remands man for allegedly defiling 13-year-old Quail meat, an antidote for hypertension-Scientist Russia’s coronavirus vaccine undergoes final testing phase DPR seals 8 stations over unsafe practice in Akwa Ibom Malaysia’s ex-finance minister hit with kickback charge, wife arrested Alleged rape: Court remands man pending legal advice Africa’s COVID-19 cases hit 1m, with South Africa worst-hit LASG directs JSS 3 students to resume Monday FG to encourage more private/public partnership to boost domestic gas Flood wrecks havoc in Kafanchan NNL 2020/21: Gov. Makinde sets promotion target for 3SC New South Wales offers to host Australian Open as Melbourne battles COVID-19 spike It’s tough to stay focused at spectator-free events, golfer says NGF pledges to provide support for performance assessment of states Oyo agriculture college chairman pledges commitment to institution’s growth NCDC confirms 354 new COVID-19 cases as total hits 45,244 Gov. Bagudu sets up committee to refund Hajj deposits to pilgrims Gov. Bagudu distributes CACOVID food, relief materials to 38,047 households COVID-19: Osun Govt warns against indiscriminate decontamination, fumigation FG launches distribution of agricultural inputs in Cross River COVID-19: Ooni urges Africans to contribute to global development