Nigeria Expands Exploration To Boost Oil Reserves To 50 Billion Barrels ...Middle East

Nigeria’s state oil firm has started exploration in the onshore frontier basins, aiming to boost the OPEC producer’s proven crude oil reserves to 50 billion barrels from 37 billion barrels, Nigerian National Petroleum Company (NNPC) said. NNPC spud on Tuesday the first well in the Middle Benue Trough, as part of a presidential mandate for the company to pursue exploration in the frontier inland basins, Mele Kyari, NNPC’s Group Chief Executive Officer, said. The new frontier exploration efforts aim to boost Nigeria’s reserves…

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