Crude Oil Has Been Discovered In Borno State

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.