1. Bida Basin Hydrocarbon Prospectivity Evaluation (Initial Funding from the Niger State Government, Currently Partnership with NNPC)
Energy supply and availability is the major driver in global economic performance. Governments at all levels in all nations aim to provide the necessary enabling environments that will engender economic growth and positive social-political transformation for the benefit of the citizenry. Economic growth in any society is anchored on the productive activities of the real sector whose performance is driven by energy availability. The Bida Basin is one of Nigeria’s inland sedimentary basins that has been least explored. There are predictions that the basin holds significant volumes of oil and gas in reserves, yet to be properly estimated. Despite the dwindling role of fossil fuels in energy applications and the need to deliberatively reduce the role due to their contribution to environmental pollution and production of greenhouse gases, petroleum (oil and gas) still accounts for up to 70% of Nigeria’s foreign earnings and has remained the major supporter of its economy since it was first discovered in commercial volume in 1956. Globally, petroleum as energy source will continue to dominate other primary energy sources and is expected to account for up to 60% of the world energy demand by the year 2030. Therefore the more the oil and gas that can be further discovered in Nigeria’s sedimentary basins, the better it will be for the economy.
The IBB University has completed preliminary exploration research studies on the Bida Basin which brought forward the following highlights:
i. preliminary geological mapping had been completed on the basis of which prospectivity maps were constructed;
ii. preliminary geochemical analyses were carried out on samples obtained from drilled core-holes on the basis of which potential hydrocarbon source rocks and hydrocarbon types that might have been generated were identified;
iii. preliminary aeromagnetic geophysical data have been obtained, processed and interpreted on the basis of which the most prospective areas were identified and ranked;
iv. a Memorandum Of Understanding was signed with the Energy Commission of Nigeria on the basis of which further de-risking studies are to be carried out;
v. A presentation of the Report was made to the Department of Petroleum Resources (DPR) on 12th February 2014;
vi. the Shengkang Group of China visited the Niger State Government in June 2013 for talks on investment possibilities in the Bida Basin; the Group was referred further to the DPR and NAPIMS/NNPC;
vii. a further report was sent to the President of the Federal Republic in 2016 to draw attention to the outcomes and needed further detailed exploration studies.
NNPC Partners IBBU on Bida and Sokoto Basin Exploration
On the 20th March 2017, the Frontier Exploration Services Directorate of the NNPC officially made a request to the Ibrahim Badamasi Babangida University for partnership on the Bida and Sokoto Basins exploration programs and specifically for IBBU to carry out detailed geological mapping and geological studies that will further de-risk the basins for its (NNPC/FES) planned drilling campaigns in the two basins.