Wednesday, 19 July 2017

NNPC, Halliburton intensify oil search in inland basin

The Nigerian National Petroleum Corporation (NNPC) and Halliburton Corporation have reached an agreement that will speed up oil discovery in the inland sedimentary basins.
The cooperation will aid the United States based firm to achieve the exact location of viable crude oil deposits in the area.
Group General Manager, Research and Development Division of the NNPC, Dr. Bola Afolabi, said in Port Harcourt that the collaboration with Halliburton will help fast-track the inland basin exploration efforts through the use of the innovative Neftex solution designed to provide exactitude in drilling for oil.
He said the Halliburton Neftex solution, would provide a geophysical mapping structure of the country, and complement the ongoing in-house efforts by the NNPC research centre to develop what is known as ‘Turonian Cenomanian Cretaceous source rock’ for all the basins in Nigeria.

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