Ogun Set To Become Oil-Producing State As Governor Abiodun Welcomes Federal Delegation

Ogun Set To Become Oil-Producing State As Governor Abiodun Welcomes Federal Delegation

Ogun State, situated in Nigeria’s South-West region, stands on the brink of joining the league of oil-producing states in the nation, marked by a significant event as it welcomed a delegation from the Federal Government to its capital, Abeokuta. Naija News reveals that the Nigerian National Petroleum Corporation Limited (NNPCL) is gearing up for oil and gas exploration activities in the Gateway State………..CONTINUE READING

Governor Dapo Abiodun played host to the Federal Government delegation yesterday, which comprised notable figures such as the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; the Managing Director of Shell Petroleum Development Company Ltd, Osagie Okubor; the Chief Executive of Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, and NNPC Group Chief Executive Officer, Mele Kyari.

During the session held at the governor’s office in Abeokuta, Lokpobiri emphasized Ogun State’s historical connection to the Dahomey Basin, underlining its immense potential for hydrocarbon resources.

“We decided that we are going to resume exploration in the different Basins; we decided to come to Ogun State to reassure the people that we have very high potential for discoveries here. Ogun has always been part of the Dahomey Basin and our presence underscores the seriousness the federal government attaches to the exploration activities that we want to carry out in Ogun State,” expressed the minister.

Lokpobiri reiterated that oil and gas exploration remain pivotal for Nigeria’s economic growth and stated his team’s presence in the state as part of the ongoing campaign for exploration activities.

“The visit was also intended to demonstrate the federal government’s seriousness and commitment to shore up its revenue through the oil and gas sector,” he added.

Governor Abiodun, in his remarks, highlighted that Ogun State is included in the OPLs 302,303 306, 307, which offer exceptional prospects for qualifying as a Frontier Exploration State according to the PIA section 9. He pointed out that extensive historical research and studies have laid the groundwork for investments in the frontier exploration basin, enabling the realization of the state’s oil and gas potentials.

Abiodun emphasized the significance of these investments in facilitating valuable data acquisition to support Bitumen exploration and exploitation in Nigeria. He also noted the unique opportunities presented by Ogun State towards the realization of the full intentions of the PIA section 9 on frontier exploration, contributing to additional petroleum production for the country and reducing import dependency, particularly in Bitumen extraction

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