Nigeria’s Oil Industry: More Companies, Fewer Barrels

Nigeria has been celebrating a remarkable transformation in its oil and gas company register with the number of upstream operators rising from less than 10 in 2010 to 117 today, while local content jumped from less than 5 per cent to the current 61 per cent. But this growth has not impacted the country’s oil production numbers as decline and stagnation still persist, Peter Uzoho writes.

Raccontata dathisdaylive.com