Total to invest in Nigerian oil and gas fields - Africasia

By
Viraj
on February 24, 2010 9:22 PM | | TrackBacks (0)
French oil giant Total is to invest seven billion dollars (5.16 billion euros) in Nigerian oil and gas exploration and production over the next four to five years, the firm told AFP Wednesday.

Manufacturer of Oil Tanks India.

The Nigerian presidency had earlier announced that the plan would involve around 20 billion dollars, but Total said it is working on projects with other partners and that its own investment was lower than reported. Two of the projects have already been announced -- the development of the Usan deep water offshore field, which will go into production in 2012, and the exploration of oil block OML 58 in the Niger Delta.

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This page contains a single entry by Viraj published on February 24, 2010 9:22 PM.

Deora at odds with oil cop over royalty - Calcutta Telegraph was the previous entry in this blog.

Total to invest $20b in Nigerian oil and gas industry, commissions new project - The Guardian - Nigeria is the next entry in this blog.

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