Renaissance Hits Oil in OML 74 Exploration Well to Lift Nigeria’s Production Outlook

Naijaonpoint_ng | 09-07-2026 01:08pm |

Nigerian domestic oil producer Renaissance Energy has recorded its first major oil discovery since taking over Oil Mining Lease (OML) 74 last year, following the successful drilling of an exploration well offshore Nigeria in a development that could support the country’s efforts to boost crude oil production and replenish reserves. Preliminary results showed about 1,000

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