In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru stressed that several new frontiers for exploration opportunities abound in Nigeria, noting that offshore discoveries in the country had mostly been limited to between 1,000 – 1,500 meters of water depth.
He, however, stated that unless issues related to leal and regulatory uncertainties, lack of infrastructure, skilled manpower shortage, transparency and accountability are addressed amongst key stakeholders, the continent’s Oil and Gas Industry may not achieve its full potentials. He explained that over 41 billion barrels of oil and 319 trillion cubic feet of gas were yet to be discovered in sub-Saharan Africa alone, while between 2008 and 2017, exploratory success in the sub-region was at least 45%.
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Over $48bn investment opportunities exist in Nigeria's oil industry - NNPC - Vanguard News NigeriaThe Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these opportunities. vanguardngr You need to talk about employment, or you campaigning again for APC? vanguardngr THIEF!!!!!!!!!!!! vanguardngr The vast majority of which will not be made because they don't trust the Nigerian govt
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Over $48bn investment opportunities exist in Nigeria's oil industry - NNPC - Vanguard News NigeriaThe Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these opportunities. vanguardngr You need to talk about employment, or you campaigning again for APC? vanguardngr THIEF!!!!!!!!!!!! vanguardngr The vast majority of which will not be made because they don't trust the Nigerian govt
Source: vanguardngrnews - 🏆 5. / 75 Read more »