n driving our objective of increasing oil production, we remain fully committed to providing globally competitive incent

[Abigail pereowei]

As part of this ongoing effort, I received a delegation from Vaalco Energy, an American independent oil and gas exploration and development company, which visited to express intention to re-enter Nigeria's oil industry with the acquisition of Svenska’s PSC interest in OML 145.

Their visit reflects the growing investor confidence in our sector and is a strong indication that the reforms and incentives we have introduced are producing tangible results. I emphasized our particular interest in welcoming back companies that previously operated in Nigeria but exited due to various challenges.

We are creating a business environment that not only attracts investment but encourages long-term commitment and active production, and Vaalco’s renewed interest in holding and developing assets in Nigeria aligns perfectly with our strategic production goals.

Sen. Heineken Lokpobiri Ph.D.

#RenewedHope #senlokpobiri #SHL #EnergyForToday #EnergyForTomorrow #CrudeForAll #IncreasingOilProduction #NigeriaPetroleum #OilForProsperity


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