Monday 31 October 2016

BENEFITS OF EXXONMOBIL OIL DISCOVERY TO TAKE 5 YEARS


It will take a minimum of five years for Nigeria to start reaping the benefits of ExxonMobil’s one billion-barrel crude oil discovery which was announced 27 October. Industry sources cite unresolved fiscal, regulatory and governance issues, cash call debts and inferior economics of developing new finds in a low oil price environment as key obstacles.


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