Crude Oil Has Been Discovered In Borno State | See Details

The quest is finally paying off. After several months of exploration activities, Borno State has joined the league of states with crude in Nigeria, as the Federal Government, yesterday, said crude oil had been discovered in the state.


Permanent Secretary of the Ministry of Petroleum Resources, Mrs. Jamila Shua’ra, disclosed this during the agreement signing ceremony for joint venture, JV, cash call exit and presentation of the petroleum sector score card in Abuja. She attributed the discovery of oil in Borno and Lagos to the doggedness of this administration.

Also, the ministry announced that the Department of Petroleum Resources, DPR, would in 2017 conduct bid rounds for open blocks and conclude the previously aborted marginal fields bid round to enhance the entry of new players, stimulate competition and generate revenue for the government.

In the coming weeks we’ll know if the crude is in commercial quantity as was discovered in Lagos.