Nigeria Needs $6 Billion Equipment Investment to Hit 3 Million Barrels Per Day Oil Production Target, PETAN Says
Nigeria’s ambition to raise crude oil production to 3 million barrels per day is facing a major equipment and financing challenge, with the Petroleum Technology Association of Nigeria (PETAN) estimating that about $6 billion is required to provide the drilling equipment and related infrastructure needed to support higher output. The PETAN Chairman, Wole Ogunsanya, disclosed … Read more