Nigeria: Govt offers incentives for oil search in inland basins

Maikanti Baru

Baru

28 August 2016, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potentials of green frontier basins in order to increase the depleting reserves in the country.

He said the federal government would be willing to make provisions for incentives for such prospective investors.

Dr. Baru gave the charge when he received the leadership of NAPE led by its national president, Mr. Nosa Omorodion, at the NNPC Towers, Abuja yesterday.

The Chad Basin, Anambra, Bida, Dahomey, Gongola/Yola and Sokoto Basins alongside the Middle/Lower Benue Trough make up the entire Nigerian Frontier Inland Sedimentary Basins (NFISB) which have prospects of oil and gas.

The GMD urged NAPE to play a key role in promoting public private partnership in the exploration of some of the green frontier basins.

The national president of NAPE, Mr. Omorodion felicitated with the GMD on his appointment, saying that NAPE would confer on him a honourary membership award which was the highest award from the association due to his outstanding track rec

 

  • Daily Trust
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