Buhari to witness  first crude oil drilling in northern Nigeria

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 President Muhammadu Buhari  will on Tuesday flag-off  the first drilling of crude oil in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country.

Officials of the Nigerian National Petroleum Company Limited stated that oil drilling activities at the Kolmani River, situated in the Bauchi and Gombe fields, would commence in earnest after the official flag-off.

By October 2019, the then Nigerian National Petroleum Company (NNPC), had  announced the discovery of crude oil, gas and condensate in the Kolmani River region at the border community between Bauchi and Gombe states.

The commercial quantity discovery was the first in the region after eight months of crude oil exploration on the Upper Benue Trough, Gongola Basin in the North-Eastern part of the country, according to NNPC.

Section 9 of the Petroleum Industry Act signed by Buhari established Frontier Exploration Fund (FEF) with the allocation of 30 percent of profit oil and profit gas from NNPC’s upstream oil & gas contracts (production sharing, profit sharing & risk sharing contract) for the purpose.

The fund is for the development of “frontier acreages” — part of these frontier acreages include those Anambra, Dahomey, Bida, Chad & Benue trough.

In the first seven months of 2022, NNPC expended about N3 billion in frontier exploration services

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