Maiduguri-Nigeria’s hopes of boosting its crude oil reserves have been revived as the Nigerian national petroleum company Ltd, a state-owned oil company, has started an oil exploration program at the Wadi-b, located in Borno state’s Jere local government district.
Mele Kyari, the group’s chief executive officer, said yesterday that the drilling would contribute to the company’s efforts to bring stability to the people by eliminating energy scarcity that is currently roiling Africa’s largest economy.
President Muhammadu Buhari’s wadi-b drilling campaign in Borno state was officially launched by Kyari.
In 1995, the NNPC stopped fracking in Wadi-b because the results were mediocre and the findings obtained during the period were not in good shape. The new exploration is part of a scramble for oil and gas deposits in Nigeria’s frontier basins.