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Niger Delta oil reserves half-way through their lifespan

…analysts stress need to increase deepwater exploration to replace reserves

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As at December 2017, a total of 187 blocks had been opened in the Niger Delta comprising 46 Oil Prospecting Leases (OPL) and 107 Oil Mining Leases (OML), the highest in Nigeria’s seven oil producing basins, indicating the vast contribution of the region to Nigeria’s economy, according to data from the Department of Petroleum Resources…

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