NNPC To Resume Oil Search In Chad Basin — GMD.
The Nigerian National Petroleum Corporation (NNPC) says it will resume crude oil search in the Chad basin immediately it gets clearance from security agencies in the country.
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The Group Managing Director, Dr Maikanti Baru made the disclosure during a courtesy visit on him by Governor of Bauchi State,
Senator Bala Mohammed in Abuja on Wednesday.
He insisted that the prospect of finding oil in the Chad Basin was high.
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We will go back there as soon as we receive security clearance. There seem to be some prospects there because Niger Republic drilled over 600 wells and now they are producing while we have only drilled 23 wells, he said.