Wood McKenzie: With Huge Sub-commercial Portfolio, NNPC’s Oil Output May Slump By 50%

Wood McKenzie: With Huge Sub-commercial Portfolio, NNPC’s Oil Output May Slump By 50%

•Says national oil company needs new projects to ensure longevity  •Highlights NNPC’s high operating cost as key challenge  •Acknowledges Nigeria’s enormous deepwater oil potential Emmanuel Addeh in Abuja Wood McKenzie,
Source: Wood McKenzie: With Huge Sub-commercial Portfolio, NNPC’s Oil Output May Slump By 50%

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post culled from thisdaylive