Nigerian independent details his country's E&P prospects

03/29/1999
In the future, Nigeria's marginal field exploration and production licenses are expected to be awarded only to indigenous oil companies or to joint ventures of foreign oil companies with indigenous firms. Yinka Adeyemi, general manager of Nigeria's Spectrum West Africa, said many of these indigenous companies are primarily concerned with other industries and are seeking foreign partners to provide not only funding for E&P work but also expertise. Adeyemi told delegates attending the Offshore West Africa conference in Abidjan, Ivory Coast, on Mar. 23 that 46 indigenous oil companies currently have 55 permits in Nigeria's onshore and offshore areas. Indigenous f...
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