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NNPC mulls inland basin exploration with Neftex solution from Halliburton

The Nigerian National Petroleum Corporation (NNPC) has concluded fresh plans to partner with Halliburton Corporation to deepen search for commercial hydrocarbon in the inland sedimentary basins.

The deal stemmed from the success so far recorded by the US group using the innovative Neftex solution designed to provide exactitude in drilling for oil.

Group General Manager, R&D Division, NNPC, Dr. Bola Afolabi, said in Port Harcourt on Wednesday that the new search technology would help fast-track the inland basin exploration with less stress and cost inputs.

The Halliburton Neftex solution would provide a geophysical mapping structure of the country, which would seamlessly complement the ongoing in-house efforts by the NNPC research centre to develop come up with the ‘Turonian Cenomanian Cretaceous source rock’ for all the basins in Nigeria.

According to Afolabi, the emerging idea will among other things, help to identify all the prolific basins in Nigeria by locating the cretaceous kitchen, or areas where large crude deposits could be found with less cost.