N149bn exploration commitments in new basins find no commercial oil

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Despite gulping about N149.4billion since inception, the search for commercial oil (profitable enough to offset costs) in Nigeria's new frontier basins remained thin, as the Bida Basin, Niger State foray for hydrocarbon has not yielded anticipated results.

from Google Alert - Business https://ift.tt/2NiBjN8
Despite gulping about N149.4billion since inception, the search for commercial oil (profitable enough to offset costs) in Nigeria's new frontier basins remained thin, as the Bida Basin, Niger State foray for hydrocarbon has not yielded anticipated results. https://ift.tt/eA8V8J

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