Nigeria - The Bida Basin Potential.
Hydrocarbon deposits in Bida Basin in Niger State are said to have higher oil content than those in the Niger Delta. On July 22, 2013, Eng Yabagi Sani of a committee set up by the Niger State government to fast-track E&P development in that region, was quoted as saying there was 30% presence of conventional oil and 70% of natural gas deposits from the source rock in hat basin. Previously, the ratio was 25% oil and 75% gas in the Delta region.
The geo-chemistry analysis of the toxic content (TOC), with sulphur analyser used, indicated the deposit of hydrocarbons in the basin was above 0.5% required value. That indicated the deposit was of high quality.
That committee submitted its report to the state government in 2012, which confirmed the presence of conventional oil and gas in the basin. Exploration tests at Patti-Shaba-Kolo, code-named Talba-1 Well, and in two other locations were to be done to determine the commercial quantity of the crude oil deposits in the area.
The committee had engaged the services of two US firms, Midland Refinery and Petrochemical Co. and Midland Petrogas Resources Ltd, to serve as special-purpose vehicles for the drive for upstream and downstream oil and gas resource development.
The source rock had been analysed after two shallow wells had been drilled in Agaie and Kudu in Niger State, with aero-magnetic geological mapping done to trap the deposits. That committee was to partner with other states within the inland hydrocarbon basins in the north. That was to speed up exploration in such basins. The committee liaised with similar efforts in Sokoto, Borno, Bauchi and Benue basins to form an association for inland exploration in the north.