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Ingentia to lower oil production costs as NUPRC converts licence
As Nigeria’s upstream petroleum sector yesterday in Abuja marked the conversion of Petroleum Prospecting Licence (PPL) to Petroleum Mining Lease (PML), the first such conversion under the Petroleum Industry Act (PIA), indigenous producers, Ingentia Energies Limited, said the cost of oil production per barrel could come down to a single digit.
Kingsley Jeremiah
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