The Nigerian National Petroleum Corporation (NNPC) says it will resume oil exploration in the Lake Chad Basin of Borno state, NTA reports.
The Group Managing Director of NNPC, Dr Maikanti Baru, disclosed this when he visited Gov. Kashim Shettima at the Government House in Maiduguri on Monday. Baru was represented at the occasion by the NNPC Chief Operations Officer, who is also the Executive Director, Gas and Power, Mr Saidu Mohammed.
He said that the corporation had concluded arrangement to mobilise heavy and sophisticated equipment to resume oil prospecting in the Lake Chad Basin. He said the resumption, which would be done in the next six weeks, was based on the military’s assurance to provide adequate security.
Baru explained that the move was due to the present relative peace in the state and the degrading of Boko Haram insurgents in the North East region. Responding, Shettima commended the team for the visit and the NNPC’s resolve to resume oil exploration in the region.