A Review of the Nigerian Energy Industry

Nigeria committed to hydrocarbon exploration in the Chad Basin

Surveyors working in the Chad Basin23 February 2014, Sweetcrude, Lagos – The commitment of the Federal Government to explore for Oil and Gas in the Chad Basin is unwavering. The Nigerian National Petroleum Corporation, NNPC, through its Corporate Services Unit – National Petroleum Investment Management Services, NAPIMS, has continued with seismic acquisition activities in the Chad Basin frontier area despite the security challenges currently being experienced in the area.

The acquisition project being handled by integrated Data Services Limited (a subsidiary of NNPC) in partnership with BGP, a subsidiary of the China National Petroleum Corporation is a part of a twelve (12) phased 3D seismic data acquisition programme covering 3,550 Sq.Km of which Phase 5 covering 252 Sq.Km has just been concluded. Currently, Phase 6 of seismic acquisition programme covering 266 Sq.Km has commenced.

From Phase 1 to date, a total of 1,437 Sq.Km of seismic data has been acquired. Of this, 1,096 Sq.Km of seismic data has been duly processed and is ready for interpretation. Preliminary seismic data interpretation has produced some leads that will be further investigated to establish drillable prospects.

The seismic acquisition activities were carried out with due regard to environmental protection and in accordance with international standards and best practices. In this regard, NNPC contracted the University of Maiduguri to undertake an Environmental Baseline Studies (EBS) and Environmental Impact Assessment (EIA) which will be a guide in the current and future exploration activities in the region.

As a responsible corporate citizen, NNPC has embarked on sustainable developmental projects for her host communities in the areas of infrastructure, health and education. NNPC has also undertaken projects such as provision of potable water through sinking of boreholes as well as refurbishing of classroom blocks in primary schools in the area.

NNPC will continue to carry out community-oriented projects as the programme progresses with a view to positively touching the lives of the host communities. Meanwhile, over two thousand youths and local contractors have been actively engaged to provide various services including provision of boat and canoes in swampy terrains.

It would be recalled that the current exploration activities in the Chad Basin started over three (3) years ago and has covered 5 seismic acquisition phases. Our current strategy is to continue Phase 6-12 to enable us complete acquisition & interpret prior to further drilling activities in the area.

Effort is also being intensified to complete interpretation of the acquired aeromagnetic Surveys across the 6 inland basins as part of the aggressive exploration agenda for increasing our country’s reserve base.

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