The National Petroleum Corporation Limited (NNPCL), under its new leadership, has confirmed the resumption of oil drilling operations at the Kolmani site, located on the border between Bauchi and Gombe states. The move comes two years after the initial launch of the drilling project, which was temporarily halted.
The Kolmani project, which marked the first crude oil exploration in northern Nigeria, was inaugurated by former President Muhammadu Buhari on November 22, 2022. However, the project was delayed shortly after its commencement.
In a recent interview with the BBC, Bayo Ojulari, the newly appointed head of NNPCL, reassured the public that work at Kolmani would be resuming soon. He also emphasized the company’s commitment to furthering the region’s development.
Ojulari said, “We will continue the drilling in Kolmani and other sites. Beyond oil exploration, we are also committed to completing the gas pipeline project from Ajaokuta to Kano.”
Ojulari, who hails from the northern part of Nigeria, underscored the potential economic impact of these efforts, stating, “This development will bring economic benefits to the region, uplifting everyone through shared prosperity. That’s why we must return to the site and keep the work going.”
Further discussing his appointment, Ojulari expressed his surprise at some of the reactions and called on citizens nationwide to offer their support and prayers as he strives to improve both the northern region and the country as a whole.
On the topic of NNPCL’s strained relationship with Dangote Group, Ojulari revealed that steps were being taken to mend the relationship. He acknowledged the significant contributions made by Dangote and added, “We’ve held talks to resolve the conflict. Going forward, we’ll collaborate to ensure consistent fuel supply for Nigerians.”
Looking to the future, Ojulari stated that any disagreements would be resolved amicably. “You won’t hear of any more clashes between NNPCL and Dangote Refinery. We’ll work together for Nigeria’s benefit,” he affirmed.
Ojulari also addressed concerns about the recent drop in global oil prices and the resulting impact on Nigeria’s projected revenue. He explained, “This decline affects Nigeria’s budget since a major part of it relies on projected oil revenue.” However, he assured that NNPCL was actively working to reduce operational costs to maximize its revenue from oil and gas.
Responding to public complaints regarding the lack of a corresponding drop in local fuel prices, despite the decline in global prices, Ojulari explained that it takes time for fuel dealers to adjust. “If they bought fuel at a higher price before the drop, they’ll need to sell at that old rate. But with new purchases at lower prices, we expect local prices to eventually reflect the change,” he noted
