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.

All these are part of the work being done for frontier exploration in the country, while explaining that for now, government is saddled with all the responsibility of doing the surveys to prove the prospectivity of the basins, as the International Oil Companies, IOCs will only come in thereafter.

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.

Previous works in the Anambra basin had yielded little results, as of the eight wells drilled in the region, seven of them had gas with only found with oil, “so more work is needed to be done in this area to quantify the studies… in Bida, Sokoto and Benue basins, we have not drilled any wells.