NNPC Records N5.20b Trading Benefits Surplus
The Nigerian National Petroleum Corporation NNPC has announced that its drilling team on Thursday discovered hydrocarbon in the Northeast.
The oil giant made the announcement via its official tweeter handle @NNPCgroup on Friday.
NNPC noted that it crew had discovered the hydrocarbon at the Kolmani River-II in Gongola Basin.
The tweet reads “At about 21:20 hours of 10th October 2019, NNPC drilling crew working at Kolmani River-II in Gongola Basin have encountered hydrocarbon outflow to the well head while performing well test operations.”
The oil corporation also noted that the gas component was flared while carrying out the quantity assessment of the Hydrocarbon type.
“The gas component is currently being flared to avoid pressure build up around the drilling rig. Further assessment of the Hydrocarbon type and volume are being carried out,” NNPC tweet reads.
It could be recalled that on inception of the Buhari’s administration, the President had charged the NNPC to carryout oil exploration in the northeast.
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