Major Oil Firms Seen in Nigeria for the Long Haul

Oil giants are likely to continue investing billions of dollars in Nigeria, even though a rash of recent militia attacks and kidnappings could mean violence is on the rise.

..Unrest here, together with worries over the nuclear standoff in Iran, have been pressuring world oil prices upward. At a time of high prices and diminishing reserves, Nigerian oil blocks remain attractive, said Antony Goldman, Africa analyst at London-based oil consultancy Clearwater Research.

Schlumberger