December 8, 2022 7:13 AM
Adopting a motion sponsored by Saidu Abdullahi, a lawmaker, during plenary, the lower chamber asked the entities to conclude the geophysical survey that In the motion, Abdullahi noted that the Bida basin, also known as the mid-Niger basin, comprise of eight local government areas including Mokwa, Lavun, Gbako, Bida, Katcha, Agaie, Edati and Lapai in the southern part of Niger state.Abdullahi said Mele Kyari, group chief executive officer of NNPC Limited, informed the Niger state government that the Basin has a potential of 40 billion barrels.
Abdullahi said Kyari who was “responsible for the frontier exploration services in 2020, noted that in-depth geo-logical and geo-chemical studies revealed a strong presence of hydrocarbon-bearing indicators confirmed as oil and gas-bearing formations”.
Source: News Formal (newsformal.com)
HouseNGR Nigeria is Rich everywhere.
HouseNGR This just shows how weak Nigerian leadership is OPEC decision must be respected Bunkers pipeline operated for 9 year without detection Now you want to keep selling Hard that Nigerian politics can't see beyond oil
HouseNGR Hmmmmm
HouseNGR They argue that the contribution of oil to the GDP is insignificant, yet they deploy resources on unproductive ventures. Are they being honest, or are they trying to prove a point?
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Reps ask FG to speed up oil exploration in Bida BasinThe NNPC Limited had informed the Niger State Government that the Bida Basin has a potential of 40 billion barrels.
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