NIGERIAN National
Petroleum Corporation NNPC
has partner the Schlumberger
to develop state-of-the-art
technology to intensify search
for commercial hydrocarbon
deposits in Chad basin.
NNPC in a statement
signed by the Group General
Manager Public Affairs, Mr.
Ndu Ughamadu noted that
Dr Babatunde Adeniran, the
Chief Operating Officer, COO
Ventures, made the promise.
The statement said that
the corporation was also on
the verge of executing an
agreement with Schlumberger
to foster teamwork in vital areas
bordering on exploration and
reservoir management, among
others.
It further stated that ,“We
are concluding partnership
arrangement with Schlumberger
in four research areas
commencing 2017”.
The statement reads in parts,
“The first is exploration and
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.
“Other areas of exploration
include: Wellbore Instabilities
studies to assist in reducing
drilling costs through prevention
of stuck pipes (especially for
directional drillings), improve
safety and drilling performance.
“The agreement also covers
formation damage prevention
to improve oil and gas recovery
and economic viability of
the reservoir, risk reduction,
complex depositional systems
and drilling challenges, among
others,’’ it said.
The statement said that the
research and development
division of the corporation was
ready to take full advantage
of the $1 billion dollar global
endowment fund for research
instituted by Schlumberger.
“These projects were
showcased at the last conference
of the National Association
of Petroleum Explorationists,
NAPE.
“As if we knew, Schlumberger
at the session announced $1
billion to be spent on research
from next year worldwide.
“This is a coincidence and a
plus to research and development
as this will provide opportunity
to explore improvement on
exploration activities in Nigeria,’’
it added.
The statement said that NNPC
was working toward reaching
an accord with Schlumberger
on Pressure Volume and
Temperature PVT, sampling and
analysis.
“Schlumberger initially
planned to set up its own PVT
laboratory in Nigeria, but
discovered that NNPC research
and development already has a
well-equipped laboratory.
“They concluded then that
instead of setting up theirs, they
can partner with R & D,’’ the
statement said.
The NNPC said that a
Memorandum of Understanding
MoU, had been signed by both
organisations and NNPC was on
the verge of executing its own
part.

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