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Africa Oil & Gas: “Better times for offshore Nigeria” – Petroleum Economist

Nigeria - Gas-flaring-offshore-splash-Total, Shell and ExxonMobil are among the majors with commercial finds to develop.

After a long hiatus, the international oil companies (IOCs) are swinging back into action with new projects planned for offshore Nigeria.

Work on Total’s Egina development is expected to be complete by the end of the year, while the French major, ExxonMobil and Shell all have further sizeable projects that could be developed.

Next in line for the green light looks likely to be Total’s shallow-water Ikike project, which entered the pre-tender stage last September. The development was originally designed in 2013, but has suffered delays since then. Nicolas Terraz, Total’s head of Nigerian upstream, said in March, he expected a final investment decision to be taken before the end of 2018. read more

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