03 July 2024
03 July 2024
The nation accounted for around half of the global shipping decline last month.
Nigerian state-owned company NNPC said the measure was needed due to the "inability of players to act in a timely manner”.
With a planned annual capacity of 820,000 tonnes per annum (tpa), the facility is designed to produce sustainable aviation fuel (SAF) and renewable diesel from waste.
The French company now plans to focus on exploration opportunities closer to Namibia.
The expansion will enable the recovery of natural gas liquids (NGL) from roughly 1.5 billion cubic feet per day (bcf/d) of natural gas, boosting production to more than 90,000 barrels per day (bpd).
Initially, the partnership will concentrate on subsurface digital solutions, particularly in the areas of reservoir engineering and geoscience modelling and interpretation.
The one-year contract will see ABL provide a wide range of services including rig assurance and technical risk assessments.
Offshore Technology explores the main parties’ pledges on how, and when, to use the levy.
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