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Oil companies ramp up drilling in pre-existing fields

Nigerian oil exploration companies are returning to pre-existing fields to drill for more oil as investments into new wells become too few and far between in a sector where investors are betting on short-term cash rather than investing for later growth.   Shoreline group, an independent Nigerian producer is the latest Nigerian company returning to…
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The post Oil companies ramp up drilling in pre-existing fields appeared first on BusinessDay : News you can trust .

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