President Muhammadu Buhari has said the drilling of oil at the Kolmani field straddled between Gombe and Bauchi has attracted $3bn investments. He stated this on Tuesday shortly before he flagged off the oil facility. The president also said more oil discoveries were ongoing in the Anambra basin, lower Benue trough and other areas of the country. “This discovery had emanated from our charge to the NNPC to re-strategize and expand its oil and gas exploration footprints to the frontier basins of Anambra, Dahomey, Sokoto, Benue trough, Chad and Bida Basins. Similar activities across the other basins are currently actively on-going.” “We are pleased with the current discovery of over 1 billion barrels of oil reserves and 500 billion Cubic Feet of Gas within the Kolmani area and the huge potentials for more deposits as we intensify exploration efforts. “It is therefore to the credit of this administration that at a time when there is near zero appetite for investment in fossil energy,...
https://flingpordnews.blogspot.com