The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz and the Managing Director of Nigeria Agip Oil Company Limited, Mr. Lorenzo Fiorillo. SPDC had announced taking FID last December on the Assa North Gas Development Project which is one of the Seven Critical Gas Development Projects of the Federal Government.
The Managing Director of TUPNI, Mr. Nicolas Terraz.
In order to ensure huge investments in the Nigerian petroleum industry, the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz, has identified sanctity of contracts, lower production cost and friendly operating environment as the most important factors needed to be in put place.
•Wike: We’ve declared war on cultists
Rivers State chapter of the Peoples Democratic Party, PDP and the All Progressives Congress, APC on Wednesday engaged each other in war of words and accusing one another of masterminding recent killings across the state.