Nigeria: 'One Million Barrels Daily Capacity Deepwater Projects Need Funding'

22 November 2017

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said about three or four deepwater projects with capacity to add 750,000 barrels to one million barrels to Nigeria's daily production need funding.

Kachikwu, who made this disclosure in the latest edition of Organisation of the Petroleum Exporting Countries (OPEC) Bulletin, noted that about 250,000 barrels deep-water project are potentially ready to come on stream sometime late next year.

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