9 marginal fields account for 12. 43 million barrels in 8 months
The Nigerian National Petroleum Corporation’s (NNPC) monthly petroleum information reveals that the nine marginal fields produced 12. 43 million barrels of crude oil in the first eight months of 2014 which is about 2 percent of Nigeria’s total industry output.
The Petroleum Act defines a Marginal Field as “such fields as the President may from time to time identify as Marginal Fields”. This definition.... Read more »
Posted on : Friday , 19th December 2014