By Chineme Okafor in Abuja with agency report
The development followed a statement from the Nigerian National Petroleum Corporation that it would no longer sign off any gas project without plans for gas flare out. It explained that Exxon officials have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields, with another of the sources saying that Exxon would soon open a “data room” – which would provide technical information on the fields, such as seismic and production details, in Nigeria.
While the Nigerian government has in the last decade supported a drive by domestic firms such as Oando, Seplat and Aiteo to expand their operations in the country as international companies including Shell sought to lower their presence due to oil spills resulting from pipeline sabotage, Exxon recently announced plans to boost its capital spending from $26 billion in 2018 to $30 billion in 2019 and up to $35 billion next year as it seeks to develop oilfields in Guyana and the U.S.
Baru, reportedly told the communities that no new gas project would be approved without zero gas flare modalities.
ExxonMobil too wan run 😂 okay naa
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