President Buhari has invested substantially in finding natural resources, especially crude oil in the Northern part of Nigeria. You know that which they said about you see what you seek? Well, guess what? Crude oil has been discovered in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North Eastern part of the country.
It would be recalled that drilling of the Kolmani River II Well was flagged-off by President Muhammadu Buhari on 2nd February, 2019. Mr Makoji said NNPC acquired 435.54km2 of 3D Seismic Data over Kolmani Prospect in the Upper Benue Trough, Gongola Basin.
He said this was to evaluate Shell Nigeria Exploration and Production Company (SNEPCo) Kolmani River 1 Well Discovery of 33 BCF and explore deeper levels.
“The well was drilled with “IKENGA RIG 101” to a total depth of 13,701 feet encountering oil and gas in several levels.
“A Drill Stem Test (DST) is currently on-going to confirm the commercial viability and flow of the Kolmani River reservoirs,” he said.
Mr Makoji explained that on Oct.10th at 18:02hours, one of the reservoirs was perforated and hydrocarbon started flowing to the well head at 21:20hours in which the gas component was flared to prevent air charge around the Rig.
“Preliminary reports indicated that the discovery consists of gas, condensate and light sweet oil of API gravity ranging from 38 to 41 found in stacked siliciclastic cretaceous reservoirs of Yolde, Bima Sandstone and Pre-Bima formations.
“Computation of hydrocarbon volume is ongoing and will be announced in due course,” he added.
The discovery of oil and gas in commercial quantity in the Gongola Basin will attract foreign investment, generate employment for people to earn income and increase government revenues.
What do you think about this new development?
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