The Nigerian National Petroleum Company Limited (NNPC) has revealed its plan to commence crude oil drilling in Nasarawa State by March 21, 2023.
This announcement was made by the Group Chief Executive Officer of NNPC Limited, Mele Kyari, during his meeting with the state Governor, Abdullahi Sule, in Lafia, the state capital.
According to Kyari, exploratory activities conducted in the state have indicated a significant amount of oil deposits. As the world shifts away from fossil fuels due to the ongoing energy transition, he stressed the need to expedite the drilling process to maximize benefits.
He pointed out that investing in the petroleum industry may become unattractive in the future, and thus it's crucial to take advantage of the current opportunity while it lasts. "Otherwise, ten years from now, no one will be willing to invest in the petroleum business except from your cash flow," he added.
It is worth noting that NNPC had earlier initiated the process of drilling an enhanced well for oil production in the state in April 2022.
