The Nigerian National Petroleum Company (NNPC) Limited has said it will begin drilling of the first oil well in Nasarawa State in March 2023, in continuation of its oil exploration activities in the country’s inland basins.
Mallam Mele Kyari, the Group Chief Executive Officer of the Company, who disclosed this when the Governor of the State, Engr. Abdullahi Sule led a delegation of prominent indigenes of the state on a courtesy visit to the NNPC Ltd. in Abuja, and said that the results of exploratory activities confirm the presence of substantial hydrocarbon resources in the state.
He called for prompt action on the project as the global energy transition has led to a reduction in investment in fossil fuels.
In a signed statement by the NNPCL’s Chief Corporate Communications Officer, Garba Deen Muhammad, made available to newsmen, Kyari was quoted as saying that: “This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you, otherwise, ten years from now, no one will agree to put money in petroleum business except it comes from your cash flow. ’
In his response, Governor Sule congratulated the GCEO on the successful commencement of oil production and the Kolmani Integrated Development Project which was launched in November 2022 by President Muhammadu Buhari, which he described as similar to what obtains in Saudi Arabia.
“I want to congratulate you, the management of NNPC, and the Federal Government for what you have done at Kolmani, for those who don’t know what you have done for Nigeria, you have written your name in gold.’’ Governor Sule was quoted in the statement to have said while thanking President Muhammadu Buhari for his support and assuring the NNPC of a conducive environment.