Nigeria | Egypt Oil & Gas - Part 18
Zabazaba, Etan to Yield $8b for Nigeria
The Nigerian Agip Oil Company, a subsidiary of Italian oil major Eni, has announced that the Zabazaba and Etan deep water project on Oil Prospecting License 245, will generate $8b for the federal government of Nigeria... Nigeria’s to Shutdown Bonga Field for Maintenance
Nigeria’s first deepwater project, Bonga fields, will be shut down for one month starting mid-February, 2017 due to maintenance upgrade, Vanguard reported. This is a drawback for Nigeria, which is yet to attain the Or...
Nigeria’s Qua Iboe Terminal Back to Activity
ExxonMobil operated Qua Iboe Terminal (QIT) in Nigeria is back to producing an excess of 150,000b/d of oil, Africa Oil&Gas Report informed. This came as the Ministry of Petroleum Resources said that the Obiafu-Obr...
Nigeria to Rehabilitate National Refineries
The Nigerian National Petroleum Corporation (NNPC) has slated a comprehensive rehabilitation of the nation’s three refineries located in Port Harcourt, Warri and Kaduna to achieve optimal capacity utilization in 2017,...
Crude Oil Found in Nigeria’s Borno State
Borno State, in northeastern Nigeria, has joined the league of oil-producing areas in the country, with the discovery of crude oil after many months of exploration, Ecofin Agency informed. Ministry of Petroleum Resour...
Nigeria Awarded Schlumberger Multi-well Deal
Sirius Petroleum has entered into a contract for the provision of an integrated services management (ISM) with the oilfield services company Schlumberger at the Ororo field off Nigeria, Offshore Energy Today reported....
Nipco Shareholders Approved MobilOil Deal
Shareholders of Nigeria’s Nipco PLC have authorized the company’s board of directors to stand as a guarantor for the acquisition of 60% majority equity stake in Mobil Oil Nigeria by Nipco Investments Limited, a wholly...
Nigeria to End Cash Call Agreement with JVs
Nigeria formally ended the era of cash call payment by the joint venture (JV) operators in the oil and gas industry, informed Premium Times. The government’s inability to meet its cash call obligations to the joint ve...
