TGS Consulta


As multinationals lose their stomach for the fractious onshore fields in the Niger Delta, indigenous companies are increasing their footprints.
International oil companies (IOCs) like Shell and Chevron are selling off many of their onshore joint-venture stakes to Nigerian companies after a divestment programme attracted little interest from abroad, but opinion is divided about whether this will lead to a thriving locally owned oil sector.

Antony Goldman, an oil expert and owner of PM Consulting, explains: "The government characterises this divestment programme as a triumph for local content and points to the capacity of Nigerian companies to manage Nigerian assets better than Europeans and even to convince stock markets in London with successful IPOs [initial public offerings], but there are well-placed people in Nigeria who are more sceptical.

Read the original article on : Oil and Gas: Local firms replace majors in Nigeria's Delta | West Africa