Foreign oil firm eyes Nigeria’s 2026 oil licensing round
Indonesia’s state-owned oil company, Pertamina, is considering investing in Nigeria’s upstream sector, signalling interest in the 2026 oil licensing round. Read More: https://punchng.com/foreign-oil-firm-eyes-nigerias-2026-oil-licensing-round/
Indonesia's state-owned oil company, Pertamina, is exploring investment opportunities in Nigeria's upstream oil and gas sector, including assets nearing final investment decisions, as Nigeria aims to attract more international capital. The discussions were facilitated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) CEO Mrs Oritsemeyiwa Eyesan, Indonesia's Vice Minister of Foreign Affairs Arif Oegroseno, and Pertamina's Vice-President Upstream Business Development Toriq Abdat.
The talks focused on Nigerians ambitions to increase oil production to 3 million barrels per day by 2030 and Indonesia's efforts to boost output from 600,000 barrels per day. Pertamina is particularly interested in producing assets and projects close to production, with the goal of helping Nigeria reach its production targets and meeting Indonesia's energy requirements.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
