Nigeria Oil Industry Overview
Drillers
MARCH 24, 2020
The country’s first field began producing in 1958 at a rate of 5,100 BPD. company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed. The government has been fighting the illicit refineries for years.
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