Oloibiri Community of Bayelsa State achieved another milestone as the Hon. Minister of State Petroleum Resources, Chief Timipre Sylva inaugurated two steering committees and five project teams to provide necessary support and supervision for the implementation of the Oloibiri Museum and Research Center project.

President Muhammadu Buhari recently approved the establishment of the project which will provide socio–economic benefits to the host community, and serve as Nigeria’s hub for oil and gas artifacts and research center. Apart from contributing to human capital development, the project is expected to facilitate the testing of research samples and development of prototypes from research breakthroughs, and the commercialization of patented works. It is also expected to accelerate home grown technology development.

The inauguration ceremony which was done virtually had in attendance the Chief Executives of Petroleum Technology Development Fund (PTDF), Nigerian Content Development and Monitoring Board (NCDMB), Shell Petroleum Development Company (SPDC) and the Governor of Bayelsa state.  They are the 4 major promoters of the project mandated by the Federal Government to ensure its timely realization. PTDF is leading with funding contribution of 40% followed by NCDMB with 30%, SHELL 20% and Bayelsa State Government 10%.

The Steering Committees will provide leadership and oversight of the project teams responsible for Construction, Funds Mobilization and Management,  ​Community Relations and Health, Safety & Environment.

Oloibiri where the first oil well was drilled in commercial quantity way back in 1958, is historic to the oil and gas industry as it laid the foundation for the growth and development of the industry and Nigeria’s Petroleum dependent economy.

There have been several attempts by institutions, state and national governments to immortalize the legacy of Oloibiri as the location of Nigeria’s first commercial oil find. The Petroleum Technology Development Fund over a decade ago took some steps at establishing an international museum and research center at the location. This was aborted due to logistics and financial constraints.

Kalu Otisi Esq.

Head, Press and External Relations

05/08/2020