Nigerian independents push E&P projects

Six of Nigeria's indigenous oil companies plan to begin exploration and production operations by yearend in projects assisted by foreign partners.Four operators plan to drill new-pool wildcats and two plan to begin oil production on their blocks, which were awarded by the previous regime in Lagos as part of a parcel of 48 E&P licenses granted to indigenous companies during 1991-94.The companies that have slated exploration wells are: Alfred James Petroleum, operator of Oil Prospecting Lease 307; Noreast Petroleum on OPL 215; Peak Petroleum on OPL 460; and South Atlantic Petroleum on OPL 246.Industry sources said Alfred James, along with partner Abacan Resource Corp., Calgary, char...

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