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Addax/NNPC to invest $3.5bn in onshore, offshore operations

ADDAX Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124.

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