KEYFACT Energy
There were no key investment decisions taken on deepwater oil and gas exploration in the Nigerian energy industry between 2015 and 2019, much as opportunities for business existed, Total Exploration and Production Nigeria Limited said on Tuesday.
Mike Sangster, the managing director of the Nigerian operations of the oil supermajor, disclosed that pending dispute resolution, impending lease expiry and escalating costs accounted for the factors that were keeping investors at bay.
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KeyFacts Energy: Total Nigeria country profile