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Nigeria Must Develop Oil Finds Just to Keep Output Steady: Chart
Nigeria Must Develop Oil Finds Just to Keep Output Steady: Chart
13 Nov 2018, 10:59 PM IST
(Bloomberg) -- Africa’s biggest oil-producing nation has recovered from years of militant attacks on its infrastructure, and fields such as Total SA’s Egina will further buoy output. Yet recent discoveries must be exploited just to maintain total production, according to consultants Rystad Energy. That’s no easy task for Nigerian National Petroleum Corp., which warned Tuesday that oil prices below $50 would threaten its business.
To contact the reporter on this story: Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.net
To contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Amanda Jordan, Helen Robertson
©2018 Bloomberg L.P.
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