NNPC, SNEPCo, Esso, Agip Move Towards FID, Target $21bn Inflow

NNPC, SNEPCo, Esso and Agip are advancing toward a final investment decision for the OML 118 deepwater project. The development is projected to attract $21 billion, reach peak oil production of 175,000 barrels per day and produce 140 million standard cubic feet of gas daily.