Ogun is set to join the country’s oil-producing states after receiving a team from the Federal Government in Abeokuta, the state capital.
This comes as Nigeria’s National Petroleum Corporation Limited (NNPCL) prepares to commence oil and gas exploration in the Gateway State.
On Friday, the state governor, Dapo Abiodun, hosted the FG delegation, which included the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; the Managing Director of Shell Petroleum Development Company Ltd, Mr. Osagie Okubor; the Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe; and the NNPC Group Chief Executive Officer, Mr. Mele Kyari.
Speaking at the governor’s office in Abeokuta, Lokpobiri stated that Ogun State has always been a part of the Dahomey Basin, which has the potential for a large hydrocarbon resource.
“We decided to resume exploration in the various basins, and we came to Ogun State to reassure the people that we have a very high potential for discoveries here. Ogun has always been part of the Dahomey Basin, and our presence demonstrates the federal government’s commitment to the exploratory activities that we intend to carry out in Ogun State,” the minister stated.Lokpobiri stated that oil and gas are still the shortest path to Nigeria’s economic development, and that his team is in the state to continue the exploration campaign.
According to the minister, the visit was also intended to illustrate the federal government’s sincerity and commitment to generating income from the oil and gas sector.
Today, we’re here to inform the public about the federal government’s commitment to ensuring that we continue our campaign and exploration efforts around the country. We are conducting exploration activities throughout Nigeria, and we are currently in Ogun before moving on to Sokoto State,” he continued.
In his remarks, Governor Abiodun stated that Ogun State is a part of the OPLs 302,303,306,307, and that the acreages provide unique potential for qualification as a Frontier Exploration State under PIA section 9.
He noted that the history and studies conducted over the years enable any investment under the frontier exploration basin funding to not only realize oil and gas potentials, but also to collect data that would aid Bitumen exploration and exploitation in Nigeria.
“It is noteworthy that this is a region of the country that provides ease of access, low entry and operating costs, a safe and welcoming community and a very active state government support and participation,” he stated.Ogun State thus presents some unique opportunities for the full realization of the PIA section 9 on frontier exploration, as it will contribute to ensuring additional petroleum production of additional petroleum products for the country and providing more supply to potential refineries in the area.
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“As a low hanging result, this area also presents the opportunity for Bitumen extraction, thereby reducing import dependency and bringing with its savings in foreign exchange expenditure on this single line item.”