Why Nigeria oil reserves remain at 37bn bbls-NAPE

Short resume:

nigeria
90%
exploration
60%
nape
60%
basins
50%

The Nigerian Association of Petroleum Explorationists (NAPE) has disclosed that the over ten years shortfall in Joint Venture (JV) funding remained responsible for the stagnation of oil reserves at its current level of 37 billion barrels.
Source Nigeria Today
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