Browsing: oil reserves

Dr Victor Ekpenyong, an oil industry expert, says the country should leverage on existing oil reserves to boost oil production to earn more to meet revenue shortfalls.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves as at January 1, stands at 36.966 billion barrels.

The Department of Petroleum Resources (DPR) says the federal government’s  plans to increase the nation’s oil and gas reserves, are…