Frontier Basins Wet Oil Exploration Companies Appetite—NUPRC

Nigeria’s frontier basin is now a major attraction to oil exploration Companies as the country opens new field opportunities to interested domestic and foreign investors.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it is targeting the recovery of more than 788,000 barrels of crude oil per day from shut-in production, while pushing to attract between $30bn and $50bn into offshore projects.
The Commission Chief Executive, Oritsemeyiwa Eyesan, disclosed this while speaking at the annual conference of the Association of Energy Correspondents of Nigeria in Lagos on Thursday.
Eyesan disclosed that the Anambra Basin, Benue Trough, Chad Basin and Benin Basin attracted...