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Nigeria plans contract reforms in bid to cut upstream costs - News for the Oil and Gas Sector

Nigeria plans contract reforms in bid to cut upstream costs Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future. Updated: 10/02/2021, 9:57 am Launching NUCOP Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future. Industry bigwigs attended the launch of the Nigerian Upstream Cost Optimisation Programme (NUCOP) on February 9. At the heart of the push was a focus on reducing operating expenditure.

France generalMuhammadu buhariBala wuntiMele kyariNational petroleum investment management servicesNigerian upstream cost optimisation programmePetroleum industry billNigerian petroleum exchangeNigerian national petroleum corpPetroleum resources timipre sylvaPresident muhammadu buhariNational petroleumParis agreementபிரான்ஸ் ஜநரல்மேலே கியாரிதேசிய பெட்ரோலியம் முதலீடு மேலாண்மை சேவைகள்

Senate will pass PIB before end of April, Akpan reiterates

Senate will pass PIB before end of April, Akpan reiterates
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territoryAhmed lawanBassey akpaNigerian upstream cost optimisation programmeNational assemblyPetroleum industry billSenate committee onKindly share this storyChairman senate committeeSenator bassey akpaSenator ahmed lawanShare this storyகூட்டாட்சியின் மூலதனம் பிரதேசம்நைஜீரியன் அப்ஸ்ட்ரீம் செலவு தேர்வுமுறை ப்ரோக்ராம்தேசிய சட்டசபைபெட்ரோலியம் தொழில் ர சி து

FG moves to achieve $10 per barrel oil production cost

FG moves to achieve $10 per barrel oil production cost
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territoryTimipre sylvaMele kyariPetroleum resourcesNigerian upstream cost optimisation programmeFederal governmentGas industryJoint ventureProduction sharing contractGroup managing directorExecution excellenceகூட்டாட்சியின் மூலதனம் பிரதேசம்மேலே கியாரிபெட்ரோலியம் வளங்கள்நைஜீரியன் அப்ஸ்ட்ரீம் செலவு தேர்வுமுறை ப்ரோக்ராம்கூட்டாட்சியின் அரசு

Labour knocks FG over moves to hike fuel price again

The Organised Labour has criticised the federal government over its fresh move to increase petrol pump price following the rise of crude oil price above $60 per barrel in the international market. Timipre Sylva, the minister of State for Petroleum Resources, on Tuesday at the official launch of Nigerian Upstream Cost Optimisation Programme, urged Nigerians […]

Ayuba wabbaTimipre sylvaEmmanuel ugboajaQuadri olaleyeNigerian national petroleum corporationNigerian upstream cost optimisation programmePetroleum resourcesNigeria labour congressOrganised labourDaily trustநைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம்நைஜீரியன் அப்ஸ்ட்ரீம் செலவு தேர்வுமுறை ப்ரோக்ராம்பெட்ரோலியம் வளங்கள்நைஜீரியா தொழிலாளர் காங்கிரஸ்ஆர்கநைஸ்ட் தொழிலாளர்தினசரி நம்பிக்கை

FG sets below $10pb production cost target for oil industry

FG sets below $10pb production cost target for oil industry On By Obas Esiedesa The Federal Government has set a target of $10 or less per barrel production cost for Nigeria’s oil industry. The Minister of State, Petroleum Resources, Chief Timipre Sylva, who spoke on Tuesday at the launch of the Nigerian Upstream Cost Optimisation Programme, NUCOP, said it has become critical that current average cost of below $30 per barrel for Joint Venture production and below $20 per barrel for Production Sharing Contract, PSC, was lowered. He stressed that lower production cost was needed in order to keep the oil and gas industry afloat.

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