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. - Deborah Ajakaiye

The Chinese have found 500 million barrels reserves in Chad itself and a pipeline is being laid to Segigi Field, where a refinery is being built, which is going to serve the whole of Chad. Also, another 500 million barrels were found in the Tannit in Niger, and we have similar soil structure and similar basin, which makes sense to intensify surveys in our own Chad Basin.

The IOCs operating in the country has cooperated with government with regard to the geological surveys by supplying data where demanded. “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.

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.