Nigerian Oil Reserve Now 37 billion Barrels – NNPC

Nigerian Oil Reserve Now 37 billion Barrels – NNPC

The Nigerian National Petroleum Corporation, NNPC, said on Sunday that the West Africa country’s crude reserve was now 37 billion barrels.
The firm also vowed to continue to find sustainable solution to the challenge posed by insurgency in the oil producing Niger Delta region.
The NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said these in a statement issued in Abuja.
“The Corporation has created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation of investigations.
“The platform will also aggregate and deploy necessary resources to guarantee peaceful business environment in the region,” Mr. Ughamadu said.
Quoting the NNPC Group Managing Director, Maikanti Baru, who addressed staff during an end of year message, the spokesperson said the corporation was committed to implementing a robust security.
“The Corporation is committed to implementing a robust security and stakeholders’ strategy that would ensure that peace reigned in the industry operational areas.
‘“Dr Baru attributes the recent increase in the country’s oil and gas reserves to 37 billion barrels and 192 trillion cubic feet, respectively, to the relative peace that was instituted in the Niger Delta.