Nigeria | Egypt Oil & Gas - Part 22

Lekoil Raised $12.4m for Otakikpo Oil field

Lekoil, a West Africa-focused oil and gas exploration and production company, announced that it has raised about $12.4m to bring Nigeria’s Otakikpo field into commercial production.

Dangote to Supply Gas, Fuel to Ghana

Dangote Group will supply natural gas to Ghana through West Africa Gas Pipeline Company.

Nigeria’s Oil Output to Grow by 22%

Nigeria expects its oil production rate to grow by 22% by the end of 2016 to reach 2.2mb/d from current levels.

Nigeria to Explore Oil in Bauchi, Gombe

The Nigerian National Petroleum Corporation has concluded plans to move heavy equipment to Bauchi and Gombe States preparatory to oil exploration in an effort to move back to the Lake Chad Basin.

NLNG, EFCC to Work on Transparency

The Nigerian Liquefied Natural Gas Limited (NLNG) and the Economic and Financial Crimes Commission (EFCC) will collaborate on ensuring continuous transparency in NLNG’s operations.

Nigeria Boosted Oil Output in September

The Organization of Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 280,700b/d to 1.385mb/d in September.

SacOil Settled Nigdel Dispute

SacOil has entered into a settlement agreement, with Nigdel United Oil Company Ltd, relating to the SacOil's legacy involvement in Oil Prospecting License (OPL) 233 in Nigeria.

Saipem Proceeds with FPSO Vessel

Saipem has completed the fabrication of some components of the floating production, storage and offloading (FPSO) vessel for the Egina field operated by Total Exploration and Production Nigeria Limited.

Nigeria Discovered New Oil Prospects

The Nigeria National Petroleum Corporation (NNPC) announced that out of 23 oil wells drilled by mining oil companies involved in oil exploration in the north, 21 are marked as having prospects of oil.

Nigeria Saved $336m in Revoked Oil Swaps

The Nigerian National Petroleum Corporation (NNPC) has saved the country $336.4m between April and July of 2016 by stoping the controversial contract for petroleum product import called crude oil swap.

Page 22 of 55

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