Nigeria on the Verge of Finding Oil in Lake Chad Basin- Kachikwu



The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC Dr. Ibe Kachikwu has indicated that the country may well be on the verge of a significant oil find in the lake Chad area in North East Nigeria based on analysis of recent seismic 3D data generated from the Chad Basin.

In a presentation to the Petroleum Club, Lagos, over the weekend, titled: Ongoing Reforms in the Oil Industry: Impact of NNPC Reforms on the Nigerian Economy, Dr. Kachikwu stated that the Corporation is injecting a lot of energy into the effort to ensure success in this regard.

“There are signs from the latest 3D seismic studies that oil may well be very close to being found now in Lake Chad after very many years of trials. I think that this is very key. It is key both for the geographical balancing of oil production and it is also very key for the purpose of Refinery placement in the North in terms of access to crude. I am optimistic that by the end of the year we should be able to announce something major on this, ’’ the GMD said.

Dr. Kachikwu noted that in driving and developing Nigeria’s oil and gas sector, certain key areas of urgent intervention have been identified thus : running production acreages with transparent and profitable partnerships to bridge capacity and funding gaps; encourage investment inflow into to Nigeria’s oil and gas industry; engagement with local communities and driving regulation to develop the sector income- via encouragement of the fast track PIB to clarify direction and encourage long-term investment in the industry.


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2 thoughts on “Nigeria on the Verge of Finding Oil in Lake Chad Basin- Kachikwu”

  1. The Bayelsa State chapter of the Peoples Democratic Partyon Tuesday stated its candidate for theDecember 5governorship election, Governor Seriake Dickson, will hold
    the grand finale of his campaigns onNovember 28in Yenagoa, the state capital.

    The PDP termed it: “Mother-of-all-rallies.”
    In an announcement by the Director of Publicity of the Restoration Marketing campaign Organisation, Jonathan Obuebite, the mega
    rally is a fruits of Governor Dickson’s group-to-group tours, a grassroots marketing campaign, which had taken him to the
    nooks and crannies of the state within the final over one month,
    spreading his message of restoration and consolidation of peace,
    safety and improvement via his re-election.
    Obuebite stated the grand finale, which might additionally witness the presentation of PDP
    flag to Dickson and his working mate by the nationwide management of the celebration,
    would little doubt shut down the state capital as a result of anticipated
    He mentioned this can make the reported
    unusual crowd at Dickson’s declaration ceremony
    ofSeptember eight a child’s play.
    In keeping with the assertion, beside members of the PDP Nationwide Working Committee and
    all of the party’s sitting governors in addition to
    previous governors who will attend, senators,
    members of the Home of Representatives and members of the Home
    of Meeting, previous and current, Bayelsa PDP leaders and members throughout the state, stakeholders and supporters each at dwelling and within the diaspora,
    the five hundred non-governmental organisations routing for Dickson’s re-election and folks from various and strategic establishments will likely be on floor to rally
    help for the governor.
    The occasion, which could have former President Goodluck Jonathan in attendance, Obuebite said,
    would additionally carry collectively all essential parts in all of the
    Ijaw talking states within the nation.
    He stated this underscores Dickson’s aspiration as not only a Bayelsa State
    affair however incorporates the strategic curiosity of all
    of the Ijaws.
    “Bayelsa State is the Jerusalem of all Ijaws and the mom of all rallies will showcase the unity of function of the Ijaw folks coming collectively as one and affirming the collective curiosity and aspirations of the Ijaw race,” he acknowledged.

    The management and members of the Motion for the Emancipation of Niger Delta, it was additionally acknowledged, would
    attend as a stress group to mount the marketing campaign for a free and honest election at theDecember 5 governorship election.
    Obuebite, who stated Bayelsans had been already upbeat in regards to the grand finale,
    famous that the pleasure being generated among the many folks was not stunning going by the group of supporters and enthusiasm displayed
    throughout the governor’s grassroots tour, which he averred
    would mark Dickson out on the mega rally as a crowd
    puller and a constructive impact on the election.

    He additionally quoted the state PDP chairman, Chief Serena Dokubo-Spiff, as remarking:
    “PDP just isn’t only a get together of Bayelsa State however that PDP is an Ijaw celebration.”

  2. POTISKUM, Nigeria — Suspected Islamic extremists attacked an agricultural school within the useless
    of evening, gunning down dozens of scholars as they slept in dormitories and torching classrooms, the college’s provost stated — the most recent violence in northeastern Nigeria’s ongoing Islamic uprising.

    The assault, blamed on the Boko Haram extremist group, got here regardless of a four 1/2-month-previous state of
    emergency protecting three states and one-sixth of the nation. It and different latest violence have led many to
    doubt assurances from the federal government and the navy that they’re profitable Nigeria’s battle on the extremists.

    Provost Molima Idi Mato of Yobe State Faculty of Agriculture instructed The Related Press that there
    have been no safety forces defending the faculty. Two weeks in the
    past, the state commissioner for training had begged colleges and faculties to
    reopen and promised they can be guarded by troopers and police.

    Idi Mato stated as many as 50 college students could have been killed within the assault that started
    at about 1 a.m. Sunday in rural Gujba. “They attacked our college students whereas they have been sleeping of their hostels. They opened hearth at them,” he stated, including that the majority victims have been aged between 18 and 22.

    Troopers recovered forty two our bodies and transported 18 wounded college
    students to Damaturu Specialist Hospital, forty kilometres (25) miles north,
    stated a navy intelligence official who insisted on anonymity as
    a result of he was not authorized to talk to the

    Two of the wounded later died, stated Adamu Usman, a survivor from Gujba who was serving to on the hospital.

    President Goodluck Jonathan condemned the assault in a televised “chat with the media” Sunday evening, and questioned
    the motives of Boko Haram, which needs to impose Islamic regulation throughout Nigeria.

    He mentioned he questioned whether or not the victims have
    been Muslim or Christian.

    Usman mentioned nearly all these killed have been Muslims, as is the vast majority of the faculty’s
    scholar physique.

    Jonathan likened the assault to that on Nairobi’s premier procuring mall final week,
    the place Islamic extremists from Somalia’s
    al-Shabab motion killed 67 civilians — however solely after permitting many Muslims to go away.
    Boko Haram has mentioned a few of its fighters educated with
    al-Shabab in Somalia.

    Boko Haram chief Abubakar Shekau has stated in video addresses that his
    group desires to finish democracy in Nigeria and permit schooling solely in Islamic faculties.
    Boko Haram means “Western training is forbidden.”

    Its uprising poses the largest safety problem in years to this nation. Nigeria is Africa’s greatest
    oil producer and its most populous nation with greater than 160 million individuals —
    virtually equal numbers of that are Muslims and Christians.

    Boko Haram militants have killed greater than 1,seven hundred individuals since 2010.

    “Typically you want courage” to confront such challenges, Jonathan mentioned, accusing the extremists of selecting gentle targets to embarrass his authorities.

    Gov. Ibrahim Gaidam of Yobe state, the place the killings occurred, indicated that the army crackdown is ineffective.

    “Though there may be (an) improve in troop motion and navy hardware deployment within the northeast, individuals are but to see the type of motion on the bottom that successfully nips criminal and terrorist actions within the bud,” he
    mentioned in a press release.

    The extremists rode into the faculty in two double-cabin pickup all-terrain autos and on bikes, some dressed in Nigerian army uniforms, a surviving scholar,
    Ibrahim Mohammed, informed the AP. He mentioned they appeared to know the
    structure of the school, attacking the 4 male hostels however avoiding the one hostel reserved for girls.

    “We ran into the bush, no person is left in the college now,” Mohammed stated.

    Wailing kin gathered exterior the hospital morgue, the place employees laid
    out bloody our bodies in an orderly row
    on the lawn for members of the family to determine cherished ones.

    One physique had its fists clenched to the chest in a protecting gesture.
    One other had arms clasped below the chin, as if in prayer.
    A 3rd had arms raised in surrender.

    Provost Idi Mato confirmed the college’s different 1,000 enrolled college students have
    fled the faculty.

    Most colleges in the world closed after militants on July 6 killed 29 pupils and
    a instructor, burning some alive of their hostels, at Mamudo outdoors Damaturu.

    U.S. President Barack Obama on Tuesday described Boko Haram as
    probably the most vicious terrorist organizations on the earth, talking at a gathering with Jonathan at which each reaffirmed their dedication to battle terrorism.

    The Islamic extremists have killed at the very least 30 different civilians previously
    week, together with a pastor and his son. And the navy mentioned it killed greater
    than one hundred militants and misplaced sixteen troopers
    in an assault on an extremist stronghold Sept. 21-22.

    Human rights teams have accused Nigeria’s navy of abstract
    killings of civilians in reprisal assaults and nobody is aware of the destiny of
    a whole bunch of individuals detained as suspected militants.

    In the meantime, farmers and authorities officials are fleeing
    threats of imminent assaults from Boko Haram in the world of the Gwoza Hills, a
    mountainous area with caves that shelter the militants regardless of repeated aerial bombardments by the navy.

    A neighborhood authorities official stated there had been a sequence of assaults in latest
    weeks. The official, who spoke on situation of
    anonymity as a result of he feared for his life, mentioned
    Gwoza city was deserted when he visited it briefly
    underneath heavy safety escort on Thursday.

    He mentioned militants had chased medical officers from
    the federal government hospital in Gwoza, which had been treating some victims of assaults,
    and torched three public faculties.

    Greater than 30,000 folks have fled to neighbouring
    Cameroon and Chad and the uprising mixed with the navy emergency has compelled farmers from their
    fields and distributors from the markets.

    The assaults come as Nigeria prepares to rejoice fifty three years of
    independence from Britain on Tuesday and amid political jockeying within the run as much as presidential elections subsequent yr.
    Many northern Muslim politicians say they don’t need one other time period for Jonathan, who’s from the predominantly Christian south.

    Faul reported from Lagos, Nigeria. Related Press author Haruna
    Umar in Maiduguri, Nigeria, contributed to this report.

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