Search

Nigeria Aims for 40,000 bpd Crude Oil Production Boost with New FPSO

Allen dreyfus Logo
© Allen Dreyfus
  • The project is expected to raise Nigeria’s output amidst ongoing challenges.
  • Analysts urge the government to address oil theft, insecurity, and falling investments.

Lagos, Nigeria – Nigeria is targeting a 40,000 barrels per day (bpd) increase in crude oil production with the construction of a new Floating Production Storage and Offloading (FPSO) facility in Lagos. The FPSO is a joint venture between the Nigerian National Petroleum Company Limited (NNPCL), Century Nigeria Limited, West African Exploration and Production Company, and NNPC Energy Services Limited.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Gabon halts tax breaks after CFA1tn revenue loss
Read More »
jean-papillon-vLZC-lONFg0-unsplash
Senegal resumes fiscal reporting but budget strains deepen
Read More »
othmane-ferrah-rzjB9tl3lPk-unsplash
Morocco holds interest rate at 2.25% amid easing inflation
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights