No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited, failed to produce crude or were inactive, the Federal Government has said. It disclosed this in the latest Oil and Gas Industry Report for 2021 released by the Nigeria Extractive Industries Transparency Initiative, an agency of the Federal Government. It stated that the blocks failed to produce crude in the year under review. PSC is an arrangement or contract where the…
Read More23 Oil Blocks Failed To Produce Crude –Nigerian Govt
