Sovereign Trust Insurance Delegates at 50th AIO Conference in Namibia

Sanlam General Insurance Nigeria Limited, is thrilled to announce...

The Chief executive of Schlumberger, Paal Kibsgaard says the...

In line with its continuous improvement culture, NLNG has...

Union Bank of Nigeria, one of the nation’s longest-standing...

As part of its West Africa expansion, connectivity and...

The downstream petroleum sector on 11th May, 2016 received...

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

Ogun State Governor, Prince Dapo Abiodun (r) and...