Natural Gas World
  • Natural Gas News

    The Guardian: Exploration, Drilling Activities in Petroleum Sector Hit Record Low

    old

Summary

Nigeria's oil & gas sector is currently in a state of low activity as only Shell and Addax are exploring, the Nigerian National Petroleum Corporation has found

by: Erica Mills

Posted in:

Press Notes, Africa

Print This Article

The Guardian: Exploration, Drilling Activities in Petroleum Sector Hit Record Low

Nigeria’s oil and gas sector is facing low exploration and drilling activities as only two companies are currently engaged in activities in the industry, according to the Nigerian National Petroleum Corporation (NNPC).

This may be as a result of the non-passage of the Petroleum Industry Bill (PIB) and the uncertainty in the crude oil market. Specifically, as at November and December last year, only Shell Petroleum Development Company (SPDC) and Addax carried out exploration/drilling activities during the months under review.

Read the full article HERE.

Related Articles