Shell Petroleum Development Company (SPDC) will soon resume oil exploration and production activities in Ogoni land, in Rivers State, minister of state for petroleum resources, Edmund Daukoru, has said.
Daukoru told correspondent of the News Agency of Nigeria (NAN) in Caracas that the SPDC was eager to resume oil activities in the area after the reconciliatory meeting with the Ogoni people.
“The peace initiative in the Ogoniland handled by Hassan Kukah was a victory to the area and the country in general,” he said. According to him, SPDC will soon convene a meeting with the two united Ogonis to expedite the process of resumption of oil activities in Ogoni land.
He explained that Ogoni land was an important site for both the SPDC and the country and that the loss arising from non oil activities in the area over a long time was colossal.
Daukoru expressed optimism that the huge loss incurred would be recovered in no distant future.
He assured that the Ogoni youths were willing to welcome SPDC back in the area for oil exploration and production activities.
The SPDC which is the leading oil production company in the country, pulled out of the Ogoni land in the 1990s.
Meanwhile, the minister announced that the cost of the Trans-Sahara gas pipeline project had been reviewd up to $9 billion from the initial $6 billion due mainly to logistics.
He said that the initiators of the project (Nigeria and Algeria) had concluded agreement to fund the project given its viability.
He said that Niger Republic had indicated interest to be part of the project.
The project involves constructing hundreds of kilometres of pipeline and supplying gas in those pipelines from Nigeria to Algeria through Niger and to the European market.
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