NNPC Suspends Oil Search In Lake Chad Basin

Following the recent attack on its workers by the Boko Haram sect, the Nigerian National Petroleum Corporation, NNPC has suspended its exploration for crude oil in the Lake Chad Basin in parts of Borno State.

This was announced by the Minister of State for Petroleum Resources, Ibe Kachikwu on Thursday while speaking with journalists in Abuja.

Kachikwu said the exercise had to be put on hold until the corporation gets sufficient clearance to resume its oil search in the region from the military.

The Minister, who commiserated with the families of victims killed by the insurgents, said the exercise was put on hold pending when the corporation got the necessary clearance from security agencies before embarking on the next trip.

He, however confirmed that the corporation got all the clearance it needed before embarking on the exploration trip on Tuesday.