NNPC, TotalEnergies invest $550m to unlock Nigeria’s gas potential

In a significant move to enhance Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the Ubeta Field Development Project. This milestone, according to NNPC aligns with President Bola Tinubu’s Presidential Executive Order on Oil and Gas Reforms, designed to improve the investment climate and position Nigeria