The Nigerian National Petroleum Company Limited (NNPCL) says official drilling operations for the first oil well in Nasarawa will commence in March 2023.
Mele Kyari, group chief executive officer (GCEO), NNPC Limited, disclosed this on Friday during a visit by a delegation of prominent Nasarawa state indigenes, led by the state governor, Abdullahi Sule.
Kyari said the discovery is in continuation of hydrocarbon exploration activities in Nigeria’s inland basins.
He called for immediate action on the project as the global energy transition is leading to reduced investment in fossil fuels.
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“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you,” Kyari said.
“Otherwise, 10 years from now, no one will agree to put money in the petroleum business except it comes from your cash flow.”
He further said community support and an enabling environment are key to successful operation in the region to avoid the Niger Delta experience.
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