…plans 40 Billion Barrels Reserve by 2030
By Udesinanna Stephen
As part of efforts to attain the national aspiration of 40 billion barrels of crude oil reserves by 2030, the Nigeria National Petroleum Company, NNPC has said it is exploring the inland basin of the Ntokon Field in OML102 water body in the southeast coast to unravel more natural resources.
This was disclosed recently by the Executive Vice President, Upstream, Engr. Adokiye Tombomieye
As obtained from NNPC Twitter handle @nnpclimited, Tombomieye said, “In support of exploration efforts to attain the national aspiration of 40 billion barrels of crude oil reserves by 2030, NNPC Limited has been active within the inland basin and has partnered with TotalEnergies for the discovery of the Ntokon field in OML102.
He said that Nigeria’s extensive reserves, with proven crude oil and condensate reserves, stand at “36.966 billion barrels and 208.83 Trillion cubic feet of natural gas.”
Also, he addressed the need for enhanced security, asset integrity, digital oilfield technology, and the adoption of Carbon Capture, Utilization, and Storage (CCUS) technologies, in line with global demands for cleaner energy sources.
