Nigeria has launched oil production at a new field in the Niger Delta, a development that should boost the country's oil production by 40,000 bpd.
Nigeria has launched oil production from a new field in the Niger Delta region, which is expected to raise crude output at Africa ’s top oil producer by 40,000 barrels per day bpd by the end of May.
Nigeria is looking to boost its oil production in the coming years to generate more value for its economy, which is still very much reliant on oil exports. Last week, Nigeria launched a new oil and gas licensing round, inviting bids for as many as 12 onshore and offshore blocks and promising transparency in the bidding process. At the Offshore Technology Conference OTC in Houston, Texas, the Nigerian Upstream Petroleum Regulatory Commission NUPRC announced the start of the 2024 Licensing Round.
Nigeria Africa Production Oilfield Niger Delta Upstream
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