Oil & Gas

FG to earn $38 Bn through JV alternative fundings

by Olusola Bello & Kelechi Ewuzie

November 22, 2017 | 6:57 pm
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Alaska. Cook Inlet. Dolly Varden off shore oil rig. Oil drilling platform at night with work boats.

If all things work out as planned, an estimated $38 billion in term of revenue is expected to accrue to the Federal Government from all the oil fields under the current Joint Venture (JV) alternative funding with oil companies for asset lives of the fields. The NNPC/Chevron Nigeria Limited JV, codenamed project Cheetah would fetch…

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by Olusola Bello & Kelechi Ewuzie

November 22, 2017 | 6:57 pm
  |     |     |   Start Conversation

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