The Minister of State for Petroleum Resources, Timipre Sylva has announced that about one billion barrels of crude oil have been discovered in the Northeast region of the country.
Sylvia made this known on Wednesday February 12, while speaking at the end of the 2020 Nigeria International Petroleum Summit (NIPS) in Abuja.
He said “The figure we are getting, the jury is not totally out yet, but from the evaluation results we are getting, the reserve that has been discovered in the northeast is about a billion barrels. Those are the kind of figures we are seeing and we are beginning to understand the geological structure of the region.”