/ 15 December 2000

NIGERIA TO EXPLOIT ‘MARGINAL’ OIL FIELDS

NIGERIA, Africa’s largest oil producer, will in February launch the bidding for licences to develop a slate of ”marginal” oil fields, a senior official said this week. Development of some 116 fields with reserves of around 1.3bn barrels would boost oil production and help the economy. The full bidding process will last approximately 12 months. – AFP