![]() ![]() ![]() However, competition for the profits from oil created a great level of terror and conflict for those living in the region. After that, the economy of Nigeria should have seemingly have experienced a strong increase. The first oil field began production in 1958. But after nearly 50 years searching for oil in the country, Shell-BP discovered the oil at in the. Many Nigerians thought the developers were looking for. Prior to the discovery of oil, Nigeria (like many other African countries) strongly relied on agricultural exports to other countries to supply their economy. #Nigeria oil and gas concessions map and licenses www licenseTowards the end of the 1950s, non-British firms were granted license to explore for oil: in 1955, in 1960, and later in 1961, in 1962, and in 1962. Production of crude oil began in 1957 and in 1960, a total of 847,000 tonnes of crude oil was exported. Other important oil wells discovered during the period were Afam and Bomu in territory. Shell-BP in the pursuit of commercially available petroleum found oil in, Nigeria in 1956. Prior to the Akata find, the company had spent around 6 million pounds in exploratory activities in the country. Oil was discovered in non-commercial quantities at, near in 1953. Drilling activities started in 1951 and the first test well was drilled in area. The consortium was granted license to explore oil all over the territory of Nigeria but in 1951 and then between 19, the acreage allotted to the company in the original license was reduced. The company began exploratory work in 1937. The new firm was a consortium of and (then known as ). A new license covering 920,000 square kilometres (357,000 square miles) was given to a new firm called Shell D'arcy Petroleum Development Company of Nigeria. However, neither company found oil of commercial value and they returned their licenses in 1923. Please note that once you make your selection, it will apply to all future visits to. Mark Latham Commodity Equity Intelligence Service Friday 1st July 2016. Section 19 and 22 permits: not for profit passenger transport. Nigeria Oil & Gas Concessions Map & Licenses. Thereafter, licenses were given to and Whitehall Petroleum.
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