Owing to inefficiencies, funding constraints and shut-in of oil wells due to crisis in the Niger Delta, approximately 430 million barrels of crude oil have been lost by Nigeria in the NNPC, Shell Joint Venture deal. Shell’s African Executive Vice President, Ms. Ann Pickard, said: The inefficiencies in the sector that are blocking Nigeria from [...]
Nigerian National Petroleum Corporation has started oil exploration in Lake Chad basin, a project it abandoned some years back. For full story, click here For company’s website, click here
Nigerian National Petroleum Corporation is starting the detailed exploration of oil in the northern part of the country from next month. The NNPC Acting Group Managing Director, Alhalji Abubakar Yar’Adua, said: The exploration will be done with the latest 3D technology. For more information, click here
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