The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno State, was launched by the President, Major General Muhammadu Buhari (retd.). He stated that the flag-off indicated the formal resumption of physical activity for crude oil and gas exploration in the Chad Basin area.
Buhari, who virtually launched the drilling campaign, stated that he was aware of crude oil and gas exploration activity in the Chad Basin since 1976, as well as the discovery of some commercial gas at the Wadi-1 well in 1985. “I am also aware that active drilling operations were halted in 1995 to allow for a re-evaluation of exploration activities across the entire frontier basins.”
The President observed that the probable favourable outcome would have a knock-on effect of the Chad Basin exploration campaign was in increasing the national crude oil and gas reserves and production, enhancing national energy security and ensuring greater prosperity for Nigerians.
