Nigeria | Egypt Oil & Gas - Part 23
Nigeria to Start Output from Otakikpo Oil Field
Africa-focused Lekoil is expected to begin commercial oil production from Nigeria’s Otakikpo marginal field during October, following the completion of the Otakikpo-003 well.
Nigeria to Venture into Biofuel
Nigeria will commence the first large scale commercial bio-fuel venture as alternative to fossil fuel.
Ghana Exported Fuel to West Africa
Ghana has started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot, with exports to Liberia to commence in November.
China to Invest in Nigeria’s Oil, Gas
Nigeria expects to get as much as $4b in investment facilities for oil industry infrastructure as a 40-member Chinese investment team arrives the country at the end of October
Nigeria to Boost Oil Output by 200,000b/d
The Nigerian National Petroleum Corporation (NNPC) estimated that the country will increase its crude oil production by 200,000b/d during the first quarter of 2018.
Nigeria Enhanced Fuel Storage
The Nigerian National Petroleum Corporation (NNPC) increased the country's storage capacity for petroleum products by 87.7m liters, with the re-commissioning of four product tanks at the Mosimi depot in Ogun State.
Marginal Fields Contributed 3% to Nigeria’s Crude
Nigeria’s marginal oil fields contributed 3% of the country’s crude oil production during a 12-month period from July 2015 to June 2016.
Nigeria to Payoff Energy JV Arrears with Royalties, Taxes
The Nigerian National Petroleum Corporation will us oil and gas royalties and taxes in liquidating outstanding and future JV cash call arrears.
