Business 97 Nigerian Oil Fields Closed Down

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LequteMan

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Ninety-seven oil fields belonging to Nigeria are currently closed down and not operating, just as oil price continues to fall and production figures keep heading south, The Punch reports:



The country has 315 oil fields in total but out of this number, only 218 are currently productive with the rest lying idle.

The upstream arm of the Nigerian petroleum industry has 85 operating companies, but only 33 are production entities, according to figures obtained from the Department of Petroleum Resources.

The country currently has 2,800 oil producing wells, with the number of flow stations/plants put at 130.

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