FG’S Plans To Increase Oil, Gas Reserves On Course – DPR - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
August 31, 2021
He said the government was also targeting increasing Nigeria’s proven gas reserves from 206.53TCF to 250TCF.
According to him, the strategic focus for Upstream includes bid rounds, reserve growth, increased production and reduction of production cost per barrel.
Osu said the government was also looking at increasing frontier exploration activities, which had been given a boost by the recent signing of the Petroleum Industry Act, by President Muhammadu Buhari.
He said the DPR would continue to create opportunities for investors and stakeholders in the oil and gas industry, as well as enable the successes of businesses, using its service instruments of licenses, permits and approvals.