Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Environment
    • Community Development
    • Renewable Energy
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigerian lawmakers move to declare Oloibiri oil well national monument

    Nigerian lawmakers move to declare Oloibiri oil well national monument

    November 25, 2011
    Share
    Facebook Twitter LinkedIn WhatsApp

    Emma Ovuakporie

    25 November 2011, Sweetcrude, ABUJA– Members of Nigeria’s House of Representatives have moved to declare Oloibiri oil well, the first in the country that had crude oil in commercial quantity, a national monument.

    Oloibiri oil well, located in Ogbia Local Government Area of Bayelsa State, was the first oil well where crude oil was first discovered in large commercial quantity in 1956.

    Mr. Karibo Nadu, who led five others in a motion on the need to declare the now decommissioned oil well a national monument, regretted that the community was abandoned after commercial exploitation of the oil well and its surrounding communities.

    He said the exploitation involved millions of barrels of oil worth billions of dollars spanning a period of over 20 years.

    Nadu said: “Oloibiri oil well has assumed a position of utmost significance in the history and economy of the country.

    “It is common knowledge that the National Council for Museum and Monument had declared the old Residency in Calabar a national monument.”

    Others, according to him, include the Sango Shrine at Ijebu Ode, Petroglyph of Igbaraoke near Akure, King Jaja Statue in River State, Ikogosi Warm Spring in Ekiti State and the relics of the steamer ‘dayspring’ in Jebba station, among others.

    He implored the House to urge the National Council for Museum and Monuments to forthwith declare Oloibiri Well 1 a national monument.

    He urged the Federal Executive Council and Shell Petroleum Development Company to build and develop Oloibiri Oil Well 1 site into a centre of training for petroleum and tourism-related activities.

    Related News

    US praises Nigeria’s CNG push, urges wider adoption

    IEA sees significant 2027 oil surplus after Hormuz recovery

    Nigeria’s domestic gas sales jump as production nears 8bcf/d

    E-book
    Resilience Exhibition

    Latest News

    US praises Nigeria’s CNG push, urges wider adoption

    June 19, 2026

    NEMSA unveils solar mini-grid rules, boosts renewable energy oversight

    June 19, 2026

    Again, Obi questions Nigeria’s rising debt, demands borrowing transparency

    June 19, 2026

    NMDPRA, NEITI deepen data transparency drive to strengthen reforms

    June 19, 2026

    Truckers build database amid management inefficiencies in Lagos ports

    June 19, 2026
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2026 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.