Nigerian offshore attracts dollars

摘要

Higher oil prices and an outbreak of relative peace in the Niger Delta appear to be turning the tide on investment sentimentrnin Nigeria.rnA recent report by GlobalData estimates that capital investment of $25.3 billion will be spent on the country’s oil and gasrnsector over 2018-20. Onshore projects will absorb $6 billion, but most of the money will go offshore, with $6.2 billion spentrnon shallow water prospects, $6 billion on deepwater and $7.2 billion on ultra-deepwater projects, defined as water depthsrngreater than 1,000 meters.