Seplat discovers 19 million barrels of oil, 157 bcf of gas in Imo State

AI Summary

Seplat has reported a discovery in Imo State estimated at 19 million barrels of oil and 157 billion cubic feet of gas. The company is considering a second phase of exploration next year after identifying five reservoir intervals.

Encouraged by the initial success, now looks to commence the second phase of exploration in the oilfield as early as next year, with five reservoir intervals already uncovered during the discovery. The post Seplat discovers 19 million barrels of oil, 157 bcf of gas in Imo State appeared first on Premium Times Nigeria.