The Nigerian Government has flagged off the crude oil drilling campaign in the Wadi-B Well, located within the Lake Chad basin, in Borno State, eight years after the 3D Seismic acquisition operations were suspended due to insurgency.
The outgoing President Muhammadu Buhari, in virtual session on Tuesday flagged off the Wadi-B Drilling Campaign, Chad Basin, Tuba Community, Jere Local Government Area, Borno State, as Mele Kyari, Mele Kyari, Group Chief Executive Officer (GCEO) NNPCL, and Professor Babagana Zulum, Governor of Borno State were on ground to launch the commencement of the drilling exercise.
Wadi B well located in Jere local government area of Borno State, has a total depth of 14,000 feet with hydrocarbon prospects that could be either be oil, gas or both.
Group CEO of NNPC Limited, Mallam Melle Kyari, “The re-mobilization of a drilling rig to the Chad Basin for the first time since the 1980s efforts indeed underscore the visionary leadership of Your Excellency, Mr. President, @MBuhari and today, we are honoured to have him bring back hydrocarbon exploration activities to the Chad Basin.”
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“As a commercial enterprise, NNPC Limited sees this project as an opportunity to monetize our abundant hydrocarbon resources, by expanding access to energy to support economic growth, industrialization, and job creation across the country.”
“Our renewed drilling campaign has a higher geological chance of making commercial discoveries of hydrocarbons as we are equipped with state-of-the-art integrated geophysical datasets.”
