The Nigerian National Petroleum Company Limited has announced the discovery of oil in Nasarawa State.
This is as the NNPC said it was set to drill the first foot of an oil well in the Northern state.
According to the NNPC, the discovery forms a part of the continued oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.
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The NNPC’s Group Chief Executive Officer, Mele Kyari, announced the of oil in Nasarawa and the planned spud-in when the Governor of the state, Abdullahi Sule, led a delegation of prominent indigenes on a courtesy visit to NNPC in Abuja.
In a statement by the corporation’s spokesperson, Garba-Deen Mohammad, Kyari said the results of exploratory activities confirmed the presence of substantial hydrocarbon resources in the state.
Calling for a prompt action on the project as the global energy transition had led to a reduction in investment in fossil fuels, Kyari said;
“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you.
“Otherwise, 10 years from now, no one will agree to put money in the petroleum business except it comes from your cash flow.”
Kyari added that community support and a conducive environment will play key roles to a successful operation in the area.
In his response, the Nasarawa State Governor, Abdullahi Sule, commended the President for his support and assured NNPC of a conducive environment.
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