Nigeria to earn fresh $6.35bn in taxes, royalties from OML 65 expansion – Daily Trust

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Nigeria to earn fresh $6.35bn in taxes, royalties from OML 65 expansion

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A statement by NNPC’s spokesman, Ndu Ughamadu, quoted the NNPC Chief Financial Officer, Mr. Umar Ajiya, to have said that the project, which scope cuts across exploration, development, production and provision of facilities with incremental first oil targeted for Q4 2020, was estimated to have potential reserves of 800 million barrels of oil equivalent with an ultimate recoverable reserve of 244 mmboe and cumulative production of 44mmboe from the Abura Main and Abura SE fields.Mr.

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