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Investors scared of risks in frontier basins – NAPEThe frontier basins hold promise for increasing Nigeria’s oil production and they include the Anambra, Benue Trough (Lower, Middle, Upper), Chad (South-Eastern sector), Dahomey, Bida (Mid-Niger ...
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria. Schlumberger, globally known as ...
Since the passage and eventual assent by President Muhammadu Buhari to the much-talked-about PIA, there has been a huge debate as to whether Nigeria needs a frontier basins exploration fund or one ...
However, Professor Cornelius Kogbe, a Paris-based geoscientist has this to say concerning the frontier basins in Nigeria: "we should not neglect basins as if they are not important rather we ...
In Nigeria, the French company has announced ... “My first reaction to that provision is that the act needs to specify what frontier basins are. It hasn’t done so. So, we are forced into ...
“The company has been actively drilling in basins in and around Northern Nigeria, as a result of the need to increase oil exploration in the country’s frontier basins. This is a strategic engagement ...
Nigeria, meanwhile, has stepped up efforts to boost its long-term production prospects. State-owned energy major NNPC began exploration works in onshore frontier basins last month, aiming to ...
The fresh drilling is part of the scramble for oil and gas deposits in Nigeria’s frontier basins. Kyari said, “We understood very clearly that we need to understand the basin very well.
The President of the Nigerian Association of Petroleum Explorationists, Johnbosco Uche, says investors are not ready to take risks in Nigeria’s frontier basins as they are not sure of ...
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