Despite the passage of the Petroleum Industry Act (PIA) 2021 and a raft of ongoing reforms, the hiccups in the oil and gas industry are still abating, and have seen oil production fall to a record low over the past two years. In this report, Daily Trust on Sunday examines the various factors responsible for the decline in oil production, ranging from a drop in exploration activity as the number of rigs, a key tool for oil drilling, has fallen by about 36 percent since 2019 to to Massive News about Crude Oil…



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