Oil exploration in the Benue Trough and the Lake Chad Basin remains a duty that should be accomplished in order to increase the nation’s reserves, the Nigerian National Petroleum Corporation (NNPC), has said.
The Group Managing Director of the corporation, Dr. Maikanti Baru, made the explanation when he received an award presented by Petroleum Technology Association of Nigeria (PETAN) on Friday.
The award was in recognition of NNPC’s “aggressive efforts” in the search for oil in the Chad Basin.
The association said that by exploring for more oil in the basin and Benue Trough, NNPC was working hard to grow the nation’s oil and gas reserves.
A statement in Abuja by the Group General Manager, Group Public Affairs Division, NNPC, Mr Ndu Ughamadu, said that PETAN President, Mr Bank-Anthony Okoroafor, made the commendation while presenting awards to the corporation.
The awards were won by the NNPC and its Group Managing Director, Dr Maikanti Baru at the just-concluded Offshore Technology Conference in Houston, U.S. but presented to Baru in Abuja on Friday.
The statement quoted Okoroafor as saying that PETAN “recognises NNPC’s efforts to increase the nation’s oil and gas reserves. This is a commendable effort and we will always identify with it.”
He also condoled with the NNPC boss on the loss of some members of his family recently.
Receiving the three awards, Baru thanked PETAN for the gesture and said the awards would spur him personally and the NNPC to achieve set targets to create value for the nation’s hydrocarbons for the benefits of Nigerians and other stakeholders.
The statement said that one of the awards was “2017 Oil Industry Award’’ in recognition of NNPC’s “aggressive exploration in the Benue Trough and the Chad Basin.
The second was “Appreciation Award’’ for the corporation’s role in promoting the growth of Nigerian companies and entrepreneurship in the petroleum industry.
“A personal award, the 2017 Oil Industry Leadership Award, went to Baru, as mark of recognition for his leadership and outstanding contribution to the development of the Nigerian Oil and Gas Industry,’’ the statement added.