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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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NNPC Discovers Oil In Nasarawa

by Eucharia Egwuma
January 14, 2023
in Business
Reading Time: 1 min read
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Nigeria Gets Loan from China to Partially Fund $2.6bn Ajaokuta-Kano Gas Pipeline Project
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The Nigerian National Petroleum Company Limited (NNPCL) on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state.

It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.

There have been reports of NNPC prospecting for crude oil in more locations across the north, after discovering the commodity in Bauchi and Gombe states.

The report stated that NNPC was taking coordinated steps for more frontier exploration in the region, as part of measures to shore up the country’s oil output and reserves.

The company had disclosed this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022, as outlined some prospective states where oil was expected to be discovered include Niger, Nasarawa, Sokoto, Borno, Yobe, Adamawa, Bauchi, and Gombe.

Beyond the North, the Anambra basin was listed as another area where the NNPC was striving to find more oil.

Prospecting is the first stage in discovering the oil and gas fields, under which seismic surveys are carried out.

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