Wednesday 20 June 2018
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4 months ago

Nigeria:Kachikwu Explains Delays in FID for $13.5bn Zabazaba Oilfield Development

[This Day] The Minister of State for Petroleum, Dr. Ibe Kachikwu, has explained the delays in the signing of the Final Investment Decision (FID) for the Zabazaba Deepwater Oilfield in Oil Prospecting Lease (OPL) 245, citing the need for the Nigerian Agip Exploration Limited (NAE) and Shell Petroleum Exploration and Production Company (SNEPCo) to be sure of the renewal of their oil licences, among other challenges.

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