Nigeria Opens 50 Oil and Gas Blocks in $10 Billion Investment Push ...Middle East

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Nigeria has tendered 50 oil and gas blocks, eyeing $10 billion in new investments over the next ten years and 400,000 barrels daily in additional production capacity, local media report. The blocks on offer include 15 offshore deposits, 19 frontier fields, and one deepwater block, the head of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, said. “The Commission understands that in today’s volatile global energy landscape, certainty and predictability have become the true currencies of investment,” Komolafe…

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