May 9, 2021
  • May 9, 2021

Tag Archives

International oil firms kick against PIB, see negative impact on new offshore projects

by on January 26, 2021 0
International Oil Companies (IOC) working in Nigeria are worried that proposals in the country’s long-delayed oil industry law, the Petroleum Industry Bill (PIB) will deter investment in new offshore projects. At least half of Nigeria’s total crude output is from offshore oilfields, helping to offset declining production from mature onshore assets. However, recent discoveries have remained... Read More