Thursday 19 February 2015

IOCS MAY SUSPEND EXPLORATION IN NIGERIA

Part of the potential impact of a drastically reduced oil price on Africa is that oil companies may be forced to suspend further exploration in Nigeria, PricewaterhouseCoopers has said.
IOCs may suspend exploration in Nigeria
In a new report entitled, ‘Fit for $50 oil in Africa’ the company said oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price
 

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