{"id":310218,"date":"2011-03-15T07:05:37","date_gmt":"2011-03-15T07:05:37","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/15\/oil-reserves-nigeria-to-open-up-frontier-crude-exploration\/"},"modified":"2011-03-15T07:05:37","modified_gmt":"2011-03-15T07:05:37","slug":"oil-reserves-nigeria-to-open-up-frontier-crude-exploration","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/15\/oil-reserves-nigeria-to-open-up-frontier-crude-exploration\/","title":{"rendered":"Oil reserves: Nigeria to open up frontier crude exploration"},"content":{"rendered":"
\n

By Clara\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Nwachukwu
LAGOS\u00a0 \u2013 The Federal Government is concluding plans to open up the country for frontier exploration in order to achieve the 40 billion barrels of oil reserves and four million barrels per day production targets within the next couple of years.<\/p>\n

Government had initially hoped that these targets would be achieved by the end of last year, but was truncated on account of militancy and restiveness in the Niger Delta.<\/p>\n

But the introduction of the Amnesty Programme is dousing tension in the region enough for oil companies to resume oil exploration activities.<\/p>\n

Speaking exclusively with Vanguard on the frontier exploration, Prof. Deborah Enilo Ajakaiye, who is leading the geological mapping of Nigeria\u2019s hydrocarbon resources at the Nigerian National Petroleum Corporation, NNPC, said government was optimistic that the oil search especially within the river basins would be successful.<\/p>\n

Ajakaiye, Nigeria\u2019s first female professor of physics, and internationally acclaimed for her works, said the geologically mapping was part of the foundation framework for the proposed Nigeria Frontier Exploration Services, as contained in the Petroleum Industry Bill, PIB, still under scrutiny at the National Assembly.<\/p>\n

According to her, \u201cwe have compiled the data, done the evaluation and made recommendations on the best way forward to fast track exploration in these basins in a rapid and cost-effective manner. \u201d<\/p>\n

Currently, data are being collected in the following the basins: Anambra \u2013 covering Anambra, Enugu and a little of Imo and Edo states; Bida \u2013 Niger, Kwara and parts of the Federal Capital Territory, FCT; Chad \u2013 Jigawa, Yobe, Borno and parts of Gombe and Bauchi states; Dahomey \u2013 Ogun and Lagos states; Gongola \u2013 Bauchi and Gombe states; Lower Benue \u2013 Benue and parts of Nassarawa and Ebonyi states; Middle Benue \u2013 Plateau, Benue and parts of Nasarawa; Sokoto \u2013 Sokoto, Kebbi, and parts of Zamfara and Niger states; Yola \u2013 Gombe, Adamawa and parts of Taraba.<\/p>\n

Ajakaiye who returned to Nigeria to contribute to the socio_economic development of the country through hydrocarbon discoveries, noted that hitherto, oil exploration activities were not carried out in a systematical manner.<\/p>\n

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By Clara\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Nwachukwu LAGOS\u00a0 \u2013 The Federal Government is concluding plans to open up the country for frontier exploration in order to achieve the 40 billion barrels of oil reserves and four million barrels per day production targets within the next couple of years. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-310218","post","type-post","status-publish","format-standard"],"yoast_head":"\nOil reserves: Nigeria to open up frontier crude exploration - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/15\/oil-reserves-nigeria-to-open-up-frontier-crude-exploration\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Oil reserves: Nigeria to open up frontier crude exploration - 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