28.12.2016 - 17:55 [ the Authority (Nigeria) ]

OIL EXPLORATION IN THE NORTH: 23 wells drilled, 21 full of prospects

But a Geologist based in Port Harcourt, who spoke with our reporter on phone and re­quested anonymity, said that the quest for oil in the North is “a fruitless engagement” that will just drain Nigeria’s scarce re­source at this time of recession because they would find noth­ing of commercial interest in the area.
“I can tell you that they just want to waste our money there because major multi-national oil companies have been there earli­er, invested huge sums of money to explore oil in the Chad Basin and later left when they discov­ered that it amounts to efforts in futility. B