Nigerian Indies Caught In the Ides of March

By Toyin Akinosho

With zero production, the cash register goes quiet and the debt piles up for five of Africa’s largest independents.

March 2016 was a low season for seven Nigerian E&P companies, including six private firms and a state owned entity.

For the entire month, the companies shut in 10 producing fields, totalling over 150,000Barrels of oil per day. These fields will remain..More


No comments yet.

Leave a comment

Comment form

All fields marked (*) are required

© 2021 Festac News Press Ltd..