Local contribution to crude output jumps over 100% in a decade
8 of top 10 African indigenous producers now Nigerian
Report says local operators face mounting financing hurdles
Emmanuel Addeh in Abuja
A new report by energy research and consultancy firm, Wood Mackenzie, has revealed that Nigerian oil and gas companies now dominate Africa’s independent upstream landscape, accounting for about 75 per cent of the continent’s indigenous producer peer group value, amid a rapid expansion of local participation in the country’s oil industry.
