NNPC Says Deep Offshore Incentives Will Help Reach 3m bpd

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NNPC Says Deep Offshore Incentives Will Help Reach 3m bpd

ABUJA — NNPC Ltd has welcomed the new deep offshore tax incentives, saying they could unlock more than $50 billion of investment, starting with the Bonga South-West, Zabazaba and Owowo projects. Group Chief Executive Bayo Ojulari said Bonga South-West could be the first final investment decision on a deepwater production sharing contract since 2008, and repeated the target of 3 million barrels per day by 2030.

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