Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) has hinted at a potential oil discovery at the Kolmani River-II Well in the Gongola Basin where oil search is currently ongoing.
Speaking on Saturday during an inspection tour of the ongoing drilling operations at the Kolmani River-II Well drilling site in Bauchi and Gombe States, along with his successor, Mr Mele Kyari, Dr Baru said he could not wait for President Muhammadu Buhari to light the first flame at the area, signifying the potential discovery of hydrocarbons.
He said: “With the level of commitment and dedication I have seen on the part of the exploration team, I cannot wait for Mr. President to light the first flame at the area.”
According to Baru, President Buhari is committed to growing Nigeria’s hydrocarbon reserves through the exploration of the various inland basins spread across the country. “Expanding frontier basins exploration is one of the most important projects for Mr. President. He is fully convinced that the inland basins exploration holds the key to the next step of growing Nigeria’s crude oil reserves,” Baru stated.
The GMD further observed that for an economy which is heavily dependent on hydrocarbon production, there was the need to continuously look for additional reserves to avoid depletion. “Naturally, oil reserves deplete over time and if you don’t replenish them, you will one day wake up to realize that you have nothing left to explore from the ground,” Baru added.
He said the visit was part of the smooth transition going on in the Corporation which is aimed at fully briefing Mr Kyari on the work progress at the drilling site. “I cannot hand over the NNPC without bringing the new GMD here for him to appreciate the kind of activities going on at the area,” Baru said.
He disclosed that the visit with the new GMD brought a good omen to the Kolmani exploration site as the team of explorers recovered a “fish” stuck in a well at the depth of 13,400 feet after about three days of tedious and continuous “fishing”.
In drilling parlance, “fishing” is the process of retrieving an item stuck in a well in the course of drilling, while a “fish” is simply the recovered item.
Baru also lauded the professionalism of the exploration team in maintaining zero Loss Time Injury (LTI) during the operations.