The Nigerian National Petroleum Company Limited (NNPC Ltd) is set to spud the first Oil Well in Nasarawa State in March 2023 in continuation of its oil exploration activities in the country’s inland basins.
The Group Chief Executive Officer of the Company, Mele Kyari, disclosed this when the Governor of Nasarawa State, Abdullahi Sule, led a delegation of prominent indigenes of the state on a courtesy visit to the NNPC Ltd. in Abuja.
Kyari, in a statement issued on Friday by the Chief Corporate Communications Officer, NNPC Ltd., Garbadeen Muhammad, said the results of exploratory activities confirmed the presence of substantial hydrocarbon resources in the state.
He called for prompt action on the project as the global energy transition has led to a reduction in investment in fossil fuels.
“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition.
READ ALSO: FG earns $4.820bn from non-oil export in 2022
“The earlier you go to market, the better for you, otherwise, 10 years from now, no one will agree to put money in petroleum business except it comes from your cash flow,” the NNPC boss stated.
Kyari described community support and a conducive environment as key to a successful operation in the area in order to avoid the experience of the Niger Delta.
In his response, Governor Sule congratulated the GCEO on the successful commencement of oil production and the Kolmani Integrated development project which was inaugurated in November 2022 by President Muhammadu Buhari.
“I want to congratulate you, the management of NNPC, and the Federal Government for what you have done at Kolmani, for those who don’t know what you have done for Nigeria, you have written your name in gold,” he said.
The governor further commended President Buhari for his support while assuring the NNPC of a conducive environment.
Governor Sule was accompanied on the visit by the Deputy Governor, Dr Emmanuel Akabe: National Chairman of the All Progressive Congress (APC), and first executive governor of the State, Dr Abdullahi Adamu; and his predecessor, Senator Tanko Almakura.
Others were the Minister of Environment, Mohammed Abdullahi; Emir of Lafia, Justice Sidi Muhammad; and Chairman of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Isa Modibo; among others.
- Magistrates, judicial officers suspended for corruption, drunkenness - November 21, 2024
- Odoh to Tinubu: You can’t sack me as UNIZIK VC via press release - November 21, 2024
- Bitcoin rises above $96,000 for first time - November 21, 2024
