BARRING any unforeseen circumstance, Nigeria’s oil production capacity may increase by about 297,000 barrels per day (bpd) between now and 2017, going by indications from the Nigerian National Petroleum Corporation (NNPC). The nation, which at present produces about 2,037 million barrels per day (bpd), is expected to get additional 40,000bpd in 2015, 57,000bpd in 2016 […]

Nigerian independent, Newcross Petroleum, operating on the margins for the past nine years, has broken into the mainstream of the country’s oilfield activity. The vehicle is the rank wildcat Efe-1ST, the first well to be operated by the company, which encountered sixteen (16) hydrocarbon-bearing sands with gross hydrocarbon thickness of 648ft (200metres) true vertical depth TVD. […]