Nigeria’s NNPC partners with Schlumberger for exploration

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Nigeria’s state oil company said on Friday it will partner with oilfield services company Schlumberger in exploration and reservoir management.

The partnership aims to find commercial hydrocarbon deposits in the Chad basin and other inland areas, a statement from the Nigerian National Petroleum Corporation (NNPC) said.

A research area for the companies will be “exploration and risks assessment studies of the Nigerian Frontier Basins, which include the Upper Benue where NNPC is currently carrying out exploration works”, the statement quoted Babatunde Adeniran, chief operating officer of ventures at NNPC, as saying.

Schlumberger has established a $1 billion research fund, of which NNPC also hopes to take advantage, the statement said.

 

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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