Kachikwu challenges ExxonMobil, others on gas commercialization policy
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.Floating Production Storage and OffloadingAn FPSO unit is a floating vessel used by the Offshore oil and gas industry for the production and processing of hydrocarbons for the storage of oil.
“ There is so much we can do with oil, we are doing that.I like to see oil go up in barrels, up to 3 million barrels but most importantly, I like to see gas begin it life. He said that the country had volume and reserves of oil to produce in the next 40 to 50 years but the gas was still lying untapped.
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