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Nigeria Enhances Investment and Accelerates Local Company Participation with Marginal Field Opportunities
With over 36 billion barrels of oil and 200 trillion cubic toes of pure gas, as properly as the active participation of worldwide oil majors like TotalEnergies, Shell, Chevron, and ExxonMobil, Nigeria is intensifying attempts to exploit its considerable means and build alone as a globally competitive oil and gasoline field. With the nation suffering from a downturn in generation – attributed to ageing oilfields, non-executing marginal fields, OPEC enforced production cuts and the world pandemic – as properly as declining financial commitment developments, the authorities has designed major development to enrich upstream action and entice expenditure back again into the sector. Notwithstanding the not too long ago handed Petroleum…