Petroleum Technology Association of Nigeria
Absence of bid rounds in 12 years worsens revenue — Stakeholders
Except urgent steps are taken, indications are that the country could lose its place as a top oil and gas producer due to decline in crude oil reserves and stagnating production level. This has hovered around 1.5 million to 2 million barrels per day in the last few years.
Indigenous oil firms display expertise in project execution
Nigeria's indigenous oil and gas firms have taken advantage of the Local Content Policy to showcase their expertise in the execution of projects in the sector.
‘Government needs to adopt other means of JV cash calls obligation’
Mazi Bank Anthony Okoroafor is the President of Petroleum Technology Association of Nigeria (PETAN). He is also the Chief Executive Officer at CB Geophysical Solutions Limited. In this interview with ROSELINE OKERE, he emphasized the need for the Federal Government to convert cash call obligation to sovereign loans. Excerpts Government have had issues with funding…