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WAIFEM: The Emergence of a Capacity-Building Powerhouse

Introduction For close to three decades now, the West African Institute for Financial and Economic Management (WAIFEM), has been making significant contributions towards the growth...
HomeNewsBauchi Has Over 1bn Barrels Of Oil Reserves – IBBUL VC

Bauchi Has Over 1bn Barrels Of Oil Reserves – IBBUL VC

The Vice-Chancellor of the Ibrahim Badamasi Babaginda University Lapai (IBBUL) Professor Abu Kasim Adamu has described the discovery of oil in Bauchi state estimated at over one billion barrels and the successful drilling of the Kolmani River 2 well near Alkaleri village of the state as a monumental achievement of the Nigerian National Petroleum Corporation (NNPC).

 He said this feat was made possible through the determination of the former Group Managing Director ofthe corporation, Dr. Maikanti Baru to shore up Nigeria’s oil and gas reserves.

Professor Adamu spoke at the commissioning of a geological research centre named after late DrBaru and perimeter fence donated to the university by NNPC.

“To his credit, NNPC’s campaign in the Gongola Basin of the Upper Benue Trough was a historical and monumental success with the successful drilling of Kolmani River-2 well near Alkaleri in Bauchi State and discovery of approximately 1 billion barrels of oil, bigger in volume than any of our giant fields in the currently producing basins. Dr. Maikanti Kacalla Baru will ever remain in our memories”, he said.

 He said in March 2017, IBBUL was invited by the Nigerian National Petroleum Corporation (NNPC) for discussions on the university’s engagement in the Bida Basin, adding that thereafter in November 2017, IBBUL was commissioned by the NNPC to carry out field mapping and geological studies of the Bida and Sokoto Basins which has been successfully completed in May 2018.