FG looks to shift crude oil drilling away from troubled Niger Delta

France to invest €1bn in Nigeria’s oil and gas sector

Nigeria is to soon start drilling for crude oil in the Lake Chad Basin region, located in the northeast, in what is supposed to boost the country’s output just as efforts to placate militant groups in the Niger Delta appear to have failed, Africa Review reports.

The exploitation of oil outside the traditional crude oil stronghold is mean’t to plug the hole created by the destruction of oil and gas infrastructure by the militant groups. Oil drilling in Delta, Rivers and Bayelsa states have largely been disrupted by a recent upsurge in insecurity which reduced daily production to almost one million barrels from 2.2 million barrels previously.

The minister of state for petroleum, Dr. Emmanuel Ibe Kachikwu, on Friday confirmed oil drilling in the Chad Basin saying it will start in the last quarter of this year. “The decision to diversify our business portfolio is about all of us and about the future of our dear country, the vision is clear, and we are determined not to fail,” Dr Kachikwu said.

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