Oil discovery in northern Nigeria is crucial for the survival of Nigeria as a nation – Timipre Sylva


The discovery of one billion barrels of crude oil on the Kolmani oil field site, Alkaleri in Bauchi state will be crucial for Nigeria economic survival as a nation.

This was announced by Timipre Sylva, Minister of State for Petroleum, since the project was inaugurated on Tuesday at the Presidential Flag-Signing Ceremony of the Kolmani Integrated Development Project, at the site of the Kolmani oil field, on the border between Bauchi and Gombe State.

The project partner, New Nigeria Development Company, is owned by the 19 Northern States of Nigeria.

End energy poverty: Sylva noted that Nigeria is rich in hydrocarbon resources and that the GF is committed to ending energy poverty and creating shared prosperity.

In 2019, the NNPC stated that it had found oil in commercial quantities in the Kolmani River Well 2 after years of geological exploration. youThat was despite the enormous number of challenges NNPC faced in drilling for hydrocarbons in northern Nigeria.

The news continues after this announcement.

  • “This will boost infrastructure and industrial development in Nigeria; This is the motivation that has sustained the search for the Oil Industry Law in 2021”, he said.

He also stated that one of the key mandates of the ministry is to use border development funds to start border basins and increase oil reserves from 37 billion to 40 billion.

  • “The key implication of these measures is that Nigeria needs to seek sustainability and expand capital for public spending. Hydrocarbon drilling in frontier development is crucial to Nigeria’s survival as a nation.” he said.

He also thanked President Buhari for his support and guidance in supervising the drilling exercise, which he said is prosperous for the Nigerian oil industry, stating that it will go down in history that Northern Nigeria has become a producing region during his tenure. of oil.

The news continues after this announcement.

Mele Kyari, the GMD of NNPC Ltd. noted that the search for oil in Nigeria’s frontier basins has gone on for decades without significant results.

He noted that President Buhari’s determination to explore for oil in the north to carry out exploration activities led to the Kolmani project.

  • “We are convinced that the collaboration will create value for Nigeria and use de-risking values ​​to make the project”

Economic potential: The NNPC noted that the Kolmani oil site would also have a petrochemical refining site with a 120,000 bpd oil refinery, a 500 million cubic foot per day gas processing site, and also a 300 MW power plant.


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