A 'Peculiar Energy Transition' in Nigeria: International Oil Companies, Onshore and Shallow Offshore Divestitures, and Deep Offshore Investments
Article from: OGEL 5 (2022), in Roundup of Articles
Dating as far back as the early 2010s, the Nigerian oil and gas industry has been incrementally witnessing divestitures of both onshore and shallow water investments by International Oil Companies (IOCs) in favour of attaining new or focusing on their deep water assets. While divestments of onshore assets and investments in offshore fields are generally current trends in international energy business, the case of Nigeria is notable for peculiar reasons, prompting the authors to term it a 'peculiar energy transition'. The peculiarity of this energy transition is partly underscored by the ...