The IOCs operating in the country has cooperated with government with regard to the geological surveys by supplying data where demanded. “Now we don’… - Deborah Ajakaiye

Now we don’t have enough data to attract investors, but after the studies companies can now begin to explore for oil based on the findings.

With regard to the concentration of survey in the Chad Basin, I explained that this is because a lot of finds have been made in other neighbouring countries along the rift zone.

Every country has strategic policy regarding its natural resources in order to preserve them. So we can’t rule out the possibility that we might have strategic reserve areas and the Department of Petroleum resources, DPR, will demarcate the areas.

The NNPC had done an integrated study of the Chad Basin with 10 international companies, during which 23 oil wells were drilled and areas with oil and gas potential were determined.