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Investors scared of risks in frontier basins – NAPEThe frontier basins hold promise for increasing Nigeria’s oil production and they include the Anambra, Benue Trough (Lower, Middle, Upper), Chad (South-Eastern sector), Dahomey, Bida (Mid-Niger ...
The Calabar basin is also a frontier basin. The Chad basin is also ... time when we actually need to urgently produce the oil in Nigeria, because the oil era is almost getting to a close.
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria. Schlumberger, globally known as ...
Brazil’s state owned integrated oil and gas company, Petrobras is taking steps towards expanding its offshore exploration ...
NAPE said oil and gas would continue to be the globally-preferred fuel in the next couple of decades and that Nigeria as a mono-economy had no choice but to explore more frontier basins to boost ...
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Nigeria’s state oil firm has started exploration in the onshore ...
He maintained that for over 25 years, it had been a well-known fact that the potential for commercial occurrence of oil and gas exists in the inland frontier basins of Northern Nigeria ...
“The company has been actively drilling in basins in and around Northern Nigeria, as a result of the need to increase oil exploration in the country’s frontier basins. This is a strategic engagement ...
The fresh drilling is part of the scramble for oil and gas deposits in Nigeria’s frontier basins. Kyari said, “We understood very clearly that we need to understand the basin very well.
Nigeria, meanwhile, has stepped up efforts to boost its long-term production prospects. State-owned energy major NNPC began exploration works in onshore frontier basins last month, aiming to ...
The President of the Nigerian Association of Petroleum Explorationists, Johnbosco Uche, says investors are not ready to take risks in Nigeria’s frontier basins as they are not sure of ...
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