Showing posts with label ExxonMobil; NNPC; Petroleum Industry Bill. Show all posts
Showing posts with label ExxonMobil; NNPC; Petroleum Industry Bill. Show all posts

Monday, November 07, 2016

Unfavourable Environment May Keep US$50 Billion Oil Find Trapped In Reserves

An FPSO moored on Nigeria’s waters
Enablers needed to push ExxonMobil to monetize find
The Federal Government has been going cap-in-hand begging for loans around the world, without making much success because of the global financial crunch. Besides, Nigeria’s economic recession make such venture even less viable, even as the country needs to spend its way out of this doldrums.