The Nigerian National Petroleum Corporation, NNPC, Thursday, 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.
According to him, the NNPC’s Frontier Exploration Service was currently drilling the Kolmani River-2 Well where desktop estimates revealed that about 400Bcf of gas is expected to be encountered. According to the statement, Baru was speaking at a Panel Session on the topic “Insights on Future Exploration Hotspots: Opportunities for Africa’s Oil & Gas Industry” under the sub-theme “The New Frontier for Africa’s Oil & Gas” at the 2019 International Petroleum Week conference in London.Reeling out the numerous potentials of Africa’s Oil and Gas Industry, Baru said the continent’s energy outlook was looking positive amid difficult operating and economic headwinds.
“Out of this $194billion, Nigeria accounts for $48.04 billion of the total CAPEX coming into upcoming projects in Africa over 2018 to 2025, with over 20 planned projects,” Baru stated.
vanguardngr The vast majority of which will not be made because they don't trust the Nigerian govt
vanguardngr THIEF!!!!!!!!!!!!
vanguardngr You need to talk about employment, or you campaigning again for APC?