Copy

Thursday, 13 February 2020

FG Discovers One Billion Barrel Of Crude Oil In North East


The Minister of State for Petroleum Resources, Timipre Sylva, said on Wednesday that about one billion barrels of crude oil have been discovered in the North-East part of Nigeria.


Sylva disclosed this at a news conference on the 2020 Nigeria International Petroleum Summit (NIPS) held in Abuja.

He said: “The figure we are getting, the jury is not totally out yet but from the evaluation results we are getting, the reserve that has been discovered in the northeast is about a billion barrels.

“Those are the kind of figures we are seeing and we are beginning to understand the geological structure of the region.” According to him, a lot of oil is yet to be discovered in the country. 

He added that there was a need for more exploration as more oil would be discovered.

No comments:

Post a Comment

I’m glad you visited Alabekee’s blog. I love to read your opinion. Please spare me few minutes of your valuable time and drop a comment because it will motivate me to blog better.

DISCLAIMER: Please note that apart from www.alabekee.com, Alabekee does not own any other blog/website. Also bear in mind that comments on this blog are not posted by Alabekee. Alabekee’s blog readers are totally responsible for the comments they post on www.alabekee.com.

Contact me for Inquiries/Tip-offs – alabekee44@gmail.com or Call 08060623254/09051251337

Follow me on Twitter-@AlabekeeOla
Instagram - alabekeesblog
Facebook - Alabekee Ola

Thanks so much for being part of Alabekee’s blog!