Brief: Shell’s Production in Nigeria Drops By 41%

Global oil giant, Royal Dutch Shell, on Thursday said its liquids production available for sale in Nigeria plunged by 41 per cent in the second quarter of this year.

Shell announced a 72 per cent drop in second quarter earnings amid the continued weakness in global oil and gas prices.

The oil major’s liquids production available for sale in Nigeria was put at 37,000 barrels per day in the second quarter of this year, down from 63,000 bpd in the same period of 2015. Punch