FG delegation visits Ogun, discusses oil exploration
The quest of Ogun State to be an oil-producing state would quickly materialise because the Nigerian National Petroleum Corporation Limited set to start oil and fuel exploration within the Gateway state.
Stakeholders within the oil business, together with the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe and the Group Chief Executive Officer, NNPC Ltd, Mr Mele Kyari, stormed Ogun State on Friday on plans by the Federal Government to start out oil exploration within the state.
They had been acquired by Governor Dapo Abiodun and his Deputy, Noimot Salako-Oyedele.
Lokpobiri, who spoke on the governor’s workplace in Oke-Mosan, Abeokuta, stated Ogun State has at all times been a part of the Dahomey Basin, with the prospect of getting huge hydrocarbon deposits.
The Minister stated, “We decided that we are going to resume exploration in the different Basins; we decided to come to Ogun State to reassure the people that we have a very high potential for discoveries here. Ogun has always been part of the Dahomey Basin, and our presence underscores the seriousness the federal government attaches to the exploration activities that we want to carry out in Ogun State.”
Lokpobiri, who added that oil and fuel stay the quickest approach to Nigeria’s financial prosperity, stated his workforce is within the state in continuation of the marketing campaign for exploration actions.
He stated the go to was additionally to exhibit the seriousness and dedication of the FG to shore up its income via the oil and fuel sector.
“Today, we are here to tell the people of the federal government’s commitment to ensuring that we continue our campaign and exploration activities across the country. We are doing this exploration activities in several places across Nigeria, and today we are in Ogun, after which we will proceed to Sokoto State,” he added.
The Group Managing Director, Nigerian National Petroleum Corporation Limited (NNPCL), Mr Mele Kyari, whereas talking, stated Ogun State is blessed to be within the Dahomey Basin hall with an anticipated excessive deposit of oil, assuring that the company is coming again in earnest to start exploration actions, at the same time as he expressed the hope that oil can be present in business amount.
In his remarks, the Executive Director, Nigerians Upstream Petroleum Regulatory Commission, Mr Genga Komolafe, stated the approaching of the workforce to Ogun State is to exhibit additional the dedication of the Federal Government to develop the oil reserves and improve federation income.
“We all understand that Nigeria is very prolific in oil and gas, but then there is still a need to grow the reserves through exploration activities given our huge hydro-carbon as a benchmark,” he famous.
Komolafe knowledgeable that the Petroleum Industry Act (PIA) makes provision for the funding of the event of the Frontier Basins, including that in keeping with the dedication and the aspirations of the federal government, the Nigerian Petroleum Regulatory Commission is working in synergy with the NNPCL to leverage on the PIA to hold out oil exploration within the Dahomey Basin aggressively.
“The Dahomey Basin stretches as much as Delta, Edo, Ogun, and Ondo states. In the course of this train, we intend to cowl all these states leveraging on the availability of Section 9, Subsection 4 of the PIA.
“This is a good opportunity for the people of Ogun State, and it would be complementary to the reforms and transformation initiatives of the governor. We want to congratulate the governor and the people for being the beneficiaries of this initiative,” Komolafe stated.
Responding, Governor Abiodun stated Ogun State is a part of the OPLs 302,303 306, 307, saying the acreages current distinctive alternatives for the qualification as a Frontier Exploration State as outlined within the PIA part 9.
He noticed that the historical past and research through the years enable any funding below the frontier exploration basin funding to comprehend the oil and fuel potentials and purchase knowledge that will help Bitumen exploration and exploitation in Nigeria.
The nation, Abiodun maintained, holds the second largest resolves on this planet of 42 b tons, including that lots of research have proven the potential of the basins, which brings Ogun State to the fore and projecting it in the direction of changing into a beneficiary to realize business success and derive financial advantages from exploration and manufacturing inside a minimal schedule.
“It is noteworthy that this area of the nation supplies ease of entry, low entry and working prices, a protected and welcoming neighborhood, and really lively state authorities assist and participation.
“Ogun State, subsequently, presents some distinctive alternatives in the direction of realising the total intentions of the PIA part 9 on frontier exploration as it is going to contribute to ensure further petroleum manufacturing of further petroleum merchandise for the nation and afford extra provide to potential refineries within the space.
“As a low hanging result, this area also presents the opportunity for Bitumen extraction, thereby reducing import dependency and bringing with its savings in foreign exchange expenditure on this single line item,” governor stated.
