Cautious Optimism Greets Oil Discovery In Gongola Basin
October 13, 2019
2:23 am
- Environmental Challenges, Insecurity, Cost Of Production Bane Of Further Exploration
- Commerciality Of Find Critical – Experts
The news about the possible discovery of oil in the Gongola Basin of Northeast Nigeria was welcomed with strict and cautious optimism from experts.
Exciting as the news of the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin may be, stakeholders, yesterday, insisted that the development would only be meaningful after the volumetric of the hydrocarbon is determined.
They equally noted that festering insecurity, environmental issues, dearth of infrastructure and cost of production were major …
