‘Nigeria’s oil exploration hits 189 billion barrels’

NIGERIA’S oil exploration in the last five decades has risen to 189 billion barrels. The figure is based on average global recovery factor. But 60 per cent or 113 barrels of the figures is yet to be exposed and fully exploited. Former Special Adviser on Petroleum Matters to the late President Umaru Musa Yar’Adua and Chairman, Emerald Energy Resources Limited, Emmnauel Egbogah, disclosed this at the inaugural lecture to mark the opening of the Abuja chapter of the Nigerian Association of Petroleum ...
Read the rest of the story on Guardian News

Added June 10, 2012
from Guardian News