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The federal government is intensifying efforts at finding oil and gas in the northern part of the country.

 

 

Though several attempts by multi-national exploration and production companies, notably Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited (CNL), had, at different times, ended in no commercial oil finds, the Nigerian National Petroleum Corporation (NNPC) has continued exploratory activities in the region.

Boosting national oil reserve

It was gathered at the weekend that the corporation, which is undertaking the operation as part of its aspirations to boost the national hydrocarbon reserve, has already recorded significant milestone in its Chad Basin Exploration operations by acquiring over 370 square kilometres of three-dimensional seismic data since last May.

A total volume of about 3,550 square kilometres of seismic data has been earmarked for acquisition at the Chad Basin Operations, with the NNPC operations crew expected to acquire a total of 530 square kilometers of data by December 31, 2010.

General Manager, Group Public Affairs Division of the Corporation, Levi Ajuonuma, describes the achievement so far as "remarkable progress and a demonstration of NNPC's commitment to discover more oil fields in the country."

"At this stage, the seismic data collated will be interpreted and this will generate drillable prospects for hydrocarbon and I can confirm to you that when this project is completed, the socio-economic impact on Borno State and the nation's economy will be immeasurable as it will provide employment opportunities to many Nigerians," Mr. Ajuonuma said.

According to him, already, contract for the Environmental Impact Assessment (EIA) as well as the Environmental Baseline Study (EBS) have been awarded to the University of Maiduguri to explore the viability of the environment for the search in the area.

Forum for opportunities

Meanwhile, the 2010 edition of the Nigerian Content Consultative Forum (NCCF) is billed for Bayelsa State next week with the theme, "The Nigerian Content Act: Building Capacities and Enhancing Opportunities."

The forum, which is the first to be held since the approval of the Nigerian Oil and Gas Industry Content Development Act last April, is in line with the Nigerian Content Development Monitoring Board (NCDCB)'s mandate to open up the industry to Nigerians as well as its strategy to integrate oil producing communities into the mainstream of industry operations.

The forum will provide opportunity to interpret the provisions of the Nigerian Content Act to the local people as well as discuss how residents of the region can get involved in the industry through small and medium scale enterprises (SMEs).

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NCCF was first inaugurated in April 2005 by the Nigerian Content Division of the NNPC as a platform to provide effective interaction/collaboration between corporation's joint venture partners, international and indigenous oil companies, service providers, regulatory agencies and other key industry stakeholders on Nigerian Content initiatives.

Under the Nigerian Content Act, the NCCF is designed to provide a platform for information sharing and collaboration in the Nigerian oil and gas industry with respect to upcoming projects in the oil and gas industry, information on locally available capabilities, and other policy proposals that may be relevant to Nigerian content development.

Besides, the NCCF is to identify opportunities for participation of local companies in the oil and gas industry, create modalities to ensure greater share of contracts and operations in the oil and gas industry executed in-country by Nigerians and set specifics target for suppliers and make inputs towards improving available capacities.

 

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