• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

NNPC resumes oil drilling in Borno, hopes to eliminate energy poverty

Quadri Olaitan by Quadri Olaitan
May 24, 2023
in Business
0 0
0
NNPC
thenacre-campaign

The Nigerian National Petroleum Company Ltd (NNPC) has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State.

The NNPC resumed drilling after it stopped drilling in Wadi-B in 1995 because back then successes were weak and findings made during the period were not in commercial quantity, it was reported.

Recommended News:

  • Nigeria’s GDP growth drops to 2.31% in Q1 2023
  • Fuad Okiki becomes the new Lagos State Football Association Chairman
  • Buhari to pay N226bn, $556.8m, £98.5m judgement debts, seeks Senate’s approval
  • Adron Homes and Properties: Revolutionising real estate in Nigeria and Africa

According to NNPC’s Group Chief Executive Officer yesterday, Mele Kyari, the company hopes to bring prosperity to the people through the elimination of energy poverty currently threatening Africa’s biggest economy.

Kyari made the commitment at the Presidential flag-off of Wadi-B drilling campaign by President Muhammadu Buhari in Borno State.

NNPC

Perfect-Aesthetic-social-1

Kyari said, “We understood very clearly that we need to understand the basin very well. We need to have a different approach to exploration activities in this very basin and that is why NNPC and our partners, the Ministry of Petroleum Resources and the current Upstream Regulatory Commission decided to embark on massive revaluation of all the frontier basins in the country.

“Of course, our findings have been useful. The understanding of the rift system in Nigeria enabled us to have successful outcomes in the Kolmani Area.

“It also enabled us to mobilise to Nasarawa State. Now a drilling activity is going on. It also helped us to understand the geological basin of the Chad Basin which is why we are back here.

“Now we are much more confident, we believe that this campaign will be successful and that this campaign will take us to the ultimate objective which is to increase the reserves of our country and also create opportunities around us. We believe that the time for oil and gas to vanish is still far away.”

NNPC

He also stated that the NNPC and its partners would deploy the necessary technology and best approach that would enable it to create value for Nigerians in the quickest possible time.“

Odun Ifa 2026
ADVERTISEMENT
adron lemon friday

Kyri believes that the drilling exercise would deforestation as most Nigerians who do not have access to cooking gas fell trees as an alternative for cooking.

He added that “Where ever we find crude oil, we will consider the concept of integrated production and conversion so that value can be created very quickly. We know for sure that 70 per cent of our population doesn’t have access to clean cooking fuel and that is why you are seeing the effects of the frustration which is most pronounced in this part of the country.”

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

Also read

  • Tinubu to open Niger Delta Investment Summit Sept 15
  • Diesel price surges above N2,000/litre in Nigeria

Related Posts

screenshot 2022 08 15 at 16 55 06 interswitch.jpg (webp image 900 × 554 pixels)
Business

Interswitch‘s 2023 career fair set to explore future of work

by Freelanews
April 27, 2023
Prince Arthur Eze
Business

Senegal revokes Prince Arthur Eze’s offshore oil licence

by David Okere
January 21, 2026
90043600 d20c 4c53 9d81 d01008ec6b85
Business

Oil production nears 1.7mbpd – NNPC

by Quadri Olaitan
May 20, 2024
freelanews-Nath-Ude
Business

‘Apt and in line’ NOVA Merchant Bank to host Nigerian banks’ chief audit officers

by Freelanews
June 11, 2022
Diamond Bank 1
Business

‘Lacking merit!’ Court dismisses libel suit against newspaper, Diamond Bank

by Freelanews
July 14, 2020

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

D’Tigress

France crush D’Tigress as Wakama admits rebuilding task

September 7, 2026
Delta

23-year-old DELSU student crowned king in Delta

September 7, 2026
Tanzania

Tanzania President Samia mourns husband Hafidh Ameir

September 7, 2026
Rotary

From Lagos to Germany: How Rotary Youth Exchange transformed Arnold Faranpojo

September 7, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
D’Tigress

France crush D’Tigress as Wakama admits rebuilding task

September 7, 2026
Delta

23-year-old DELSU student crowned king in Delta

September 7, 2026
Tanzania

Tanzania President Samia mourns husband Hafidh Ameir

September 7, 2026
Rotary

From Lagos to Germany: How Rotary Youth Exchange transformed Arnold Faranpojo

September 7, 2026
ADVERTISEMENT
September 2026
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • NOUN

    Tragic: NOUN Bursar Marafa shot dead in Zamfara

    0 shares
    Share 0 Tweet 0
  • Police arrest man over shocking seven-year-old defilement

    0 shares
    Share 0 Tweet 0
  • 23-year-old DELSU student crowned king in Delta

    0 shares
    Share 0 Tweet 0
  • Tanzania President Samia mourns husband Hafidh Ameir

    0 shares
    Share 0 Tweet 0

Just Published!

D’Tigress

France crush D’Tigress as Wakama admits rebuilding task

September 7, 2026
Delta

23-year-old DELSU student crowned king in Delta

September 7, 2026
Tanzania

Tanzania President Samia mourns husband Hafidh Ameir

September 7, 2026
Rotary

From Lagos to Germany: How Rotary Youth Exchange transformed Arnold Faranpojo

September 7, 2026
NiMet

NiMet issues rain warning as thunderstorms hit Nigeria

September 7, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Loading Comments...