The first petroleum exploring company to discover crude petroleum in Nigeria was?

Assessment: JAMB UTME - Economics - 1999 Subject: Economics

Question 1 Report

The first petroleum exploring company to discover crude petroleum in Nigeria was?
Answer Details
The first petroleum exploring company to discover crude petroleum in Nigeria was Shell-BP. Shell-BP began exploration activities in Nigeria in 1937 and discovered crude oil in 1956 at a location called Oloibiri in present-day Bayelsa State. This discovery marked the beginning of the Nigerian oil industry and has since transformed the Nigerian economy.

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