✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

NNPC to begin exploration in Ogun

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced its plans to commence oil and gas exploration in Ogun State. The announcement was made following…

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced its plans to commence oil and gas exploration in Ogun State.

The announcement was made following a recent visit by key stakeholders, including Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, Shell Petroleum Development Company Ltd. MD Osagie Okubor, Nigeria Upstream Petroleum Regulatory Commission CEO Engr. Gbenga Komolafe, and NNPC Ltd. Group CEO Mele Kyari, to discuss upcoming exploration efforts.

Hon. Lokpobiri highlighted Ogun State’s potential as part of the Dahomey Basin, known for its significant hydrocarbon deposits. He emphasised the federal government’s commitment to resuming exploration in various basins, including Ogun, to support Nigeria’s economic prosperity through oil and gas.

Lokpobiri said, “We have very high potential for discoveries here. Our presence emphasises the seriousness the federal government attaches to exploration activities in Ogun State.”

NNPCL’s Mele Kyari also expressed optimism about finding oil in commercial quantities in Ogun State, commending its location within the Dahomey Basin. 

Governor Abiodun acknowledged Ogun State’s inclusion in oil prospecting licences (OPLs) 302, 303, 306, and 307, which position the state as a Frontier Exploration State under the PIA. He highlighted the state’s investment appeal, low operational costs, and strong support from the state government.

Abiodun also pointed out the area’s potential for bitumen extraction, reducing import dependency, and saving foreign exchange.

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

Do you need your monthly pay in US Dollars? Acquire premium domains for as low as $1500 and have it resold for as much as $17,000 (₦27 million).


Click here to see how Nigerians are making it.