Agip Assets Acquisition: Lokpobiri Gives Oando 100,000bpd Oil Production Target

To bolster Nigeria’s move to meet two million barrels per day (mbpd) oil production by year end, the minister of state, Petroleum Resources (Oil), Heineken Lokpobiri has has charged Oando PLC boost its output to 100,000bpd following its recent acquisition of the Nigerian Agip Oil Company (NAOC) onshore assets. The acquisition, valued at $783 million, [...]

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