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Top Energy Producer Excited by Nigeria’s New Petroleum Law

  • New oil law will drive investments in the West African nation
  • Targets gas expansion to about half of revenue by 2026
relates to Top Energy Producer Excited by Nigeria’s New Petroleum Law

Source: Seplat 

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Seplat Energy Plc, Nigeria’s biggest oil and gas exploration and production company said it hopes passage of the country’s long-awaited Petroleum Industry Bill by lawmakers will spur investment into the country’s petroleum industry.

“The PIB in place gives everyone the visibility of what the new roles are, so we’re excited,” CEO Roger Brown said in an interview in Lagos. “People know what the rules are and can invest more.”