Thursday, July 26, 2007

Shell finds new Nigerian oilfield

(Reuters) - "Aghata-1 well is a material exploration success for SPDC and Shell," said Basil Omiyi, the managing director of SPDC, a Nigerian arm of the Anglo-Dutch oil major.




"It has the potential to immediately increase oil production in the area, and also enabling us to find other potential exploration opportunities in similar geological settings," Omiyi was quoted as saying in a company statement.


Read more at Reuters.com Business News

No comments: