NNPC Rallies Industry Stakeholders For Upstream Cost Optimization
(AFRICAN EXAMINER) - The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards
Source: africanexaminer.com
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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...
Source: vanguardngr.com