Many oil projects in Nigeria, others may not see FID this year’
With the impact of the coronavirus
compounding oil and gas industry challenges, governments in Nigeria and other
African countries have been urged to extend the implementation of Production
Sharing Contracts (PSCs), and work program adjustments to boost exploration and
ensure the resumption of drilling activities.
While the immediate impact on the continent’s biggest oil & gas project is already being felt, the African Energy Chamber (AEC), stated that a much bigger impact will result from the deferral or cancelling of drilling plans. Source:https://guardian.ng/business-services/many-oil-projects-in-nigeria-others-may-not-see-fid-this-year/