Wednesday, 19 July 2017

NNPC Enlists Halliburton's Innovation to Quicken Inland Basin Oil Search

The Nigerian National Petroleum Corporation (NNPC) on Tuesday disclosed that its Research and Development (RD) division has entered into a new partnership with United States-based Halliburton Corporation to use its innovative Neftex solution to exactly locate viable crude oil deposits in Nigeria's inland basins.
NNPC explained that with its expected use of Halliburton's Neftex solution, its ongoing search for commercial hydrocarbon in the inland sedimentary basins would be enhanced, adding that the solution would quicken exploration efforts in the basins.
It stated this at a time its May 2017 monthly financial report indicated that it has progressively continued to cut down on its monthly trading deficits in the last five months, with a N3.55 billion deficit representing 32.65 per cent decrease from that of April.

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