Nigeria Offers Incentives For Oil Search In The North, Others


The 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.

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Baru said the Federal Government would be willing to make provisions for incentives for such prospective investors.

Dr. Baru gave this charge when he received the leadership of NAPE led by its National President, Mr. Nosa Omorodion, at the NNPC Towers, Abuja on Thursday.

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

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

Earlier, the National President of NAPE, Mr. Omorodion felicitated with the GMD on his well-deserved appointment saying that NAPE will confer on him a Honourary Membership award which is the highest award from the Association due to his outstanding track records in the Nigerian Oil and Gas Industry in November this year.

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