Nigeria launches drilling for Oil & Gas in Country’s North
The commercial discovery of crude oil, gas, and condensate in the Kolmani area of northeastern Nigeria was first announced by the NNPC Ltd in 2019. According to Nigerian president Muhammadu Buhari, Kolmani accounts for 1 billion barrels of oil and 500 billion cubic feet of gas reserves.
NNPC, a state-owed Nigerian company, has
begun drilling for oil and gas wells in the north of the country. This is the
first time it has drilled outside the southern Niger Delta, which is rich in
According to a presidential statement,
the project, which has received $3 billion in investment, aims to build an oil
refinery, a gas processing unit, a power plant, and a fertilizer factory in
addition to drilling.
Speaking at the Kolmani oilfield
flag-off ceremony, Buhari stressed the importance of the project in increasing
the well-being of the country's population.
“As a fully integrated in-situ
development project comprising upstream production, oil refining, power
generation and fertilizer, the project promises many benefits for the nation.
This includes but is not limited to energy security, financial security, food
security as well as overall socio-economic development for the country,” he
NNPC’s Group Chief Executive Officer,
Mallam Mele Kyari, also speaking at the ceremony assured that the construction
of a refinery, fertilizer plant, power plant, and associated oil and gas
processing facilities would increase Nigeria's energy security while also
creating thousands of jobs and opportunities that would generate revenue for
Despite the fact that Nigeria is rich in
fossil fuels, the country's energy system is incapable of meeting the
ever-increasing demands placed on it, according to observers. Nigeria's
existing power plants are unable to supply electricity to the country's 225
million people, forcing many citizens to rely on diesel generators.