Nigeria’s indigenous firms have a host of opportunities to participate in the petroleum industry in the country and those opportunities are growing. According to the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, about 80 projects will be open to indigenous oil firms in the next two years. These 80 […]

Royal Dutch Shell’s Nigerian subsidiary, Shell Petroleum Development Co. (SPDC), plans to invest about $15 billion in oil and gas projects in the West African country over the next five years, ThisDay reported, citing the managing director of the unit, Nosa Okunbor. The projects earmarked for investment will include deep offshore, shallow water, swamp and […]

Sirius Petroleum has reached target depth on its current drilling operations offshore Nigeria on the Ororo field using the Adriatic-1 drilling rig. The company is awaiting a further update from Shelf Drilling regarding the release of the Adriatic-1, which is currently stationed in the adjacent license to the Ororo field. In order to retain its […]