Nigeria’s Oil Exploration To Increase Petroleum Reserve To 40 Million Barrels

LAGOS – The Federal Government says it is making efforts towards increasing the petroleum reserve in the country to 40 million barrels from the current 36 million by 2030. Dr Ogbonnaya Onu, the Minister of Science and Technology, disclosed this in his opening remarks recently at a 2-day national workshop on petroleum research activities in Nigeria’s inland basins. Onu, who spoke through the Director-General and Chief Executive Officer of the Energy Commission of Nigeria, Prof. Eli Bala, explained that increasing Nigeria’s reserve would be done through the diversification of the petroleum source from the Niger Delta basin to include the frontier basins of Anambra, Benue, Bida, Chad among others.