Recommended Posts

Plz

 

Share this post


Link to post
Share on other sites

(edited)

Look them up yourself! How lazy can you get!

Edited by Douglas Buckland
Njj

Share this post


Link to post
Share on other sites

Hello everyone, My name is Toritseju Temisanren my friends call me Toju for short. Oil and Gas professional from Nigeria, and I'm delighted to be here

  • Upvote 1

Share this post


Link to post
Share on other sites

Hi Tojutee,

I keep reading bad news about the oil industry in Nigeria. Is the theft of oil controllable or it is a cost of doing business you will always have to put up with? And I have read that the cost of production is too high in Nigeria. Is Nigeria going to go out of the oil business?

Share this post


Link to post
Share on other sites

An article today on oilprice.com mentions Nigeria:

https://oilprice.com/Energy/Crude-Oil/7-Oil-Countries-Hit-Hard-By-The-COVID-19-Crisis.html

The article says: "Oil sales contribute 90% of the country's foreign exchange earnings; 60% of the revenue and 9% of GDP. With a high fiscal breakeven of $144 per barrel, Nigeria is finding itself dire straits with IOCs needing $35-$40/barrel to break even."

 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.