NNPC restates commitment to explore oil in north

The Nigerian National Petroleum Corporation (NNPC) through its subsidiary the National Petroleum Investment Management Services (NAPIMS) said its search for oil in the Chad basin was being intensified in line with government’s commitment to boost its reserve and increase revenue earning.

The company announced that seismic acquisition activities in the Basin frontier area have also continued despite the security challenges currently being experienced in the area.

It said the acquisition project was being handled by Integrated Data Services Limited (a subsidiary of NNPC) in partnership with BGP, a subsidiary of the China National Petroleum Corporation. A part of a twelve (12) phased 3D seismic data acquisition programme covering 3,550 Sq.Km of which Phase 5 covering 252Sq.Km has just been concluded.

Currently, Phase six of seismic acquisition programme covering 266 Sq.Km has commenced.

Till date, a total of 1,437 Sq.Km of seismic data has been acquired and of this, 1,096 Sq.Km of seismic data has been duly processed and is ready for interpretation.

Also, preliminary seismic data interpretation has produced some leads that will be further investigated to establish drillable prospects.
It further stated that the seismic acquisition activities were carried out with due regard to environmental protection and in accordance with international standards and best practices.

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