Nigeria: Total, NNPC Ready to Take Fid On Ikike Oil Field Project

30 January 2018

The dearth of new investments in Nigeria's upstream oil sub-sector may soon be a thing of the past as Total Exploration and Production Company in Nigeria and the Nigerian National Petroleum Corporation, NNPC are set to take the final investment decision, FID, on the Ikike oil field.

Giving the indication at the arrival ceremony of the Egina floating production storage offloading, FPSO, at the Ladol Island fabrication complex, offshore Lagos, Mr. Nicolas Terraz, Managing Director/Chief Executive, Total Upstream Companies in Nigeria, said that Ikike project is the next focus of Total and NNPC.

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