Renaissance announces discovery of large oil deposits off Nigeria’s coast

Renaissance announces discovery of large oil deposits off Nigeria’s coast

New Oil Striked Off Nigeria

Renaissance Africa Energy announces a major hydrocarbon discovery off Nigeria’s coast. The JK-004 exploration well revealed 1,000 feet of light oil across seven reservoirs in OML 74, a “major milestone” for the company. This boosts Nigeria’s long-term production goals and shows strong collaboration with NNPCL and partners. Rapid commercialization is expected due to existing nearby facilities.

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