9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup
Submitted by Julianne Geiger via OilPrice.com,
Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion barrels of crude oil at risk.
As the new Nigerian government launches a rampaging anticorruption campaign, local media are reporting government recommendations to reclaim block OPL 245 from oil giants Shell and Eni.