STATOIL PLANS $10BILLION INVESTMENT FOR NIGERIAN OIL INTERESTS

STATOIL PLANS $10BILLION INVESTMENT FOR NIGERIAN OIL INTERESTS
September 29, 2017 Advocaat Law Practice

Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the countrys growing populations demand for increased energy with natural gas.

The move would further bring progress to the undeveloped Nnwa-Doro deep offshore field, raise more stakes in Agbami field and also investigate the potential of other oil and gas fields in the country.