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As the marginal oilfields awardees strategise to develop and bring their allocated oil blocks to production, Peter Uzoho writes on the need for them to draw lessons from one of the previous marginal fields’ awardees and current operator of Egbaoma field The development of oilfields into first oil or gas production poses a lot of challenges to the operators. Companies that lack the needed fund to deploy to field, the right technical competence, efficient cost management and unable to collaborate with the right partners often see themselves chickening out of the venture, leaving the fields fallow.. The challenges are quite diverse, ranging from funding, fiscal terms, partnership issues, availability of enabling facility, issue of pricing and off-taker, for gas, as well as political, governance and environmental hurdles. These challenges are partly responsible for the inability of the 11 of the 24 marginal oilfields awarded to oil companies during the 2003/2004 marginal f ....
Department of Petroleum Resources to establish micro gas distribution centers across Nigeria africabusinesscommunities.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusinesscommunities.com Daily Mail and Mail on Sunday newspapers.
The Department of Petroleum Resources (DPR) says Nigeria’s proven natural gas reserve stood at 206.53 trillion cubic feet (tcf) as at January 1, 2021. ....
Professionals in the Energy sector in Nigeria have called on women to break cultural norms and embrace more of the oil and gas sector adding that women make up the largest numbers of entrepreneurs in the country. ....
Abuja, June 10, 2021 Mr Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) says Nigeria has earned over one million euros from sale of carbon credits through its partnership with TotalEnergies. Wunti disclosed this on Wednesday in Abuja, while speaking with newsmen on the ....