Tuesday, 20 January 2015

IOCs TO DIVEST 250,000BPD WORTH OF EQUITY IN 2015

Nigeria may not have seen the end of divestments in the oil and gas sector going by the findings of PricewaterhouseCoopers’, PwC, a management and advisory services firm.

The firm disclosed this in its review of the oil and gas industry in Nigeria in 2014. It estimated that by the end of 2015, the International Oil Companies, IOCs, operating in Nigeria would have sold at least 250,000 barrels per day worth of equity in onshore and shallow water producing assets in the Niger Delta region.
 

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