AFP
1 August 2011
"We need to take now a very pragmatic approach towards our maturing assets," Diezani Alison-Madueke told an industry conference in the capital Abuja .
"At the moment, we have an average decline of 10 to 12 percent, which means that we are very rapidly maturing."
She did not provide specifics, but Levi Ajuonuma, a spokesman for the state oil company, later told AFP that she was referring to the decline of onshore oil assets that are 50 years or older.
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