n driving our objective of increasing oil production, we remain fully committed to providing globally competitive incent
Posted: Thu Aug 28, 2025 11:04 am
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
https://www.facebook.com/10007637235324 ... 7S9Ucbxw6v
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
https://www.facebook.com/10007637235324 ... 7S9Ucbxw6v