• 🌊 What does a $20 billion investment mean for Nigeria’s oil industry?

    The recent approval by the presidency for the Final Investment Decision (FID) on the Bonga Deepwater Project marks a historic moment, being the first such approval for a deepwater asset in Nigeria since 2008. This ambitious project is set to produce 150,000 barrels per day and is projected to create over 5,000 jobs, addressing both energy needs and economic growth. As Ojulari Emmanuel said, “we have broken the logjam,” paving the way for future developments in the sector.

    It's exciting to see such significant strides being made in the energy landscape! What are your thoughts on the potential impact of this project?

    Read more here: https://www.thisdaylive.com/2026/03/11/nnpc-presidential-approval-secured-for-20bn-fid-on-bonga-deepwater-project/

    #BongaDeepwater #NigeriaOil #InvestmentOpportunities #EnergySector #JobCreation
    🌊 What does a $20 billion investment mean for Nigeria’s oil industry? The recent approval by the presidency for the Final Investment Decision (FID) on the Bonga Deepwater Project marks a historic moment, being the first such approval for a deepwater asset in Nigeria since 2008. This ambitious project is set to produce 150,000 barrels per day and is projected to create over 5,000 jobs, addressing both energy needs and economic growth. As Ojulari Emmanuel said, “we have broken the logjam,” paving the way for future developments in the sector. It's exciting to see such significant strides being made in the energy landscape! What are your thoughts on the potential impact of this project? Read more here: https://www.thisdaylive.com/2026/03/11/nnpc-presidential-approval-secured-for-20bn-fid-on-bonga-deepwater-project/ #BongaDeepwater #NigeriaOil #InvestmentOpportunities #EnergySector #JobCreation
    NNPC: Presidential Approval Secured for $20bn FID on Bonga Deepwater Project
    • It’s first FID on a Nigeria deepwater PSC asset since 2008   •Project expected to produce 150,000 bpd, create over 5,000 jobs   •We have broken the logjam, says Ojulari Emmanuel
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