The Nigerian National Petroleum Corporation,(NNPC), has stepped up collaboration with multinational oil service company, Schlumberger, in the deployment of state-of-the-art technology in the ongoing search for commercial hydrocarbon deposits in the Chad basin and other parts of the inland sedimentary basins.
NNPC in a statement by its spokesman Ndu Ughamadu said its Chief Operating Officer, (COO), Ventures, Dr. Babatunde Adeniran revealed this in an interview published in the latest edition of the Corporation’s monthly News bulletin.
Adeniran said that the Corporation is on the verge of executing an agreement with Schlumberger to foster teamwork in vital areas bordering on exploration and reservoir management among others
We are concluding partnership arrangement with Schlumberger in four research areas commencing 2017. The first is Exploration & Risks Assessment studies of the Nigerian Frontier Basins, which include the Upper Benue where NNPC is currently carrying out exploration works. We believe this will help the ongoing campaign in the Chad Basin and the Upper Benue Trough,’’ Adeniran explained.
The COO listed other areas of collaboration to include: Wellbore Instabilities studies to assist in reducing drilling costs through prevention of stuck pipes (especially for directional drillings), improve safety and drilling performance.
He noted that the Research and Development Division of the Corporation is ready to take full advantage of the $1 billion global endowment fund for research instituted by Schlumberger.
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