Nigeria Discovers Oil In Lake Chad Basin

On Friday, the Nigerian National Petroleum Corporation, NNPC,  announced the discovery of crude oil in about 3350 square metres in the Lake Chad Basin.

Sequel to this outstanding discovery, reports busted that Vice President Namadi Sambo is leading the commencement of steps towards engaging “willing and ready investors that will facilitate speedy and timely exploration in the second phase of the exercise.”

During a meeting with experts within the NNPC and other public sectors at the State House, Abuja, the Vice president said  that the federal government is happy that surveys have indicated the presence of oil in the Chad Basin.

It was gathered that the Lake Chad Basin, located in the far North Eastern Borno State of Nigeria, is the hotbed of terror attacks and other forms of violence by the Islamic sect, Boko Haram.

Group Managing Director of NNPC, Mr. Andy Yakubu, said “despite the insinuations making the rounds that the corporation is not doing much on the exploration of the hydro carbon on the Lake Chad, NNPC was doing a lot to realise the noble objective of the Federal Government.”

Tags from the story
Chad, discovers, Lake, nigeria, Oil

7 Comments

  • I dnt bliv dat becos we were specifically told dat d layer dat hold oil in chad basin in nigeria was swept away by erosion durin orogeny den another layer ws deposited. Why nw wen dey’ve bn finding oil 4 d past years?? Anoda northern story!!

  • I M VERY HAPPY FOR NIGERIANS BCOZ I BELIEVE THESE MAY CREATE THE MEDIUM FOR PEACE,MUTUAL RESPECT FOR ONE ANOTHER,SHUN BAD BELLEY PEOPLE.I BELIEVE IS NOT FOR NORTH ALONE BUT FOR THE COUNTRY AND I BELIEVE IT MAY CREATE LASTING SOUTION FOR PEACE AND UNITY BCOZ I BELIEVE THE NORTHERNERS ARE THE MOST PEACEFUL LOVING PEOPLE BY MY ASSESSMENT WITH THOSE I VE WORKED WITH,BUT I ONLY REALIZED THE NORTHERNERS LACK MEDIA VOICE.I WISH THE NORTHERNERS WILL NOT ONLY BE HAPPY OR OIL BUT BE HAPPY FOR PEACE AND HAULT TO HETREDS

  • @Dokas i’m a geologist & 4 d past years, many geologist & experts ve appraisd nig. chad basin & no result so u mean all dose expertraits were dumb abi? Serious i wil lyk oil 2 b discoverd in d north 4 peace 2 reign bt dere’s no oil in nig chad basin. One love!

  • I’m a geologist, well we tank god 4 such b’cos d federal govt has been spending much on dis basin to discover oil since d 80s.

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