₦airaland Forum

A delegation from Vaalco Energy, an American independent oil and gas exploration and development company, has expressed interest in re-entering Nigeria through the acquisition of Svenska’s PSC interest in Oil Mining Lease (OML) 145.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, broke the news in a press statement, as the outcome of the delegation from Vaalco Energy visit to his office in Abuja.

A statement issued by his special adviser on media and communication, Nneamaka Okafor, noted that Nigeria is strengthening its position as a top global investment destination, welcoming international partners back to its oil and gas industry with competitive incentives and a renewed commitment to collaboration.

Lokpobiri was quoted as saying, “The Government of President Bola Ahmed Tinubu is particularly interested in creating a better environment for companies that were once here but left for various reasons to return. We are prepared to offer incentives comparable to the best available globally.”

“An American independent oil and gas exploration and development company, which expressed interest in re-entering Nigeria through the acquisition of Svenska’s PSC interest in Oil Mining Lease (OML) 145.”

Commending Vaalco’s renewed interest, the Minister added:

“It is gratifying for us as a nation when those who have worked here become ambassadors, speaking of how friendly and conducive Nigeria is for business. We are glad to welcome you back.”

Vaalco Energy’s Managing Director, Pieter Van der Groen, said the company sees Nigeria as a key investment hub:

“We are here to seek regulatory guidance for acquiring Svenska’s interest in OML 145, but more importantly, to return to Nigeria and invest in a stronger way. As a New York Stock Exchange-listed company, we have access to funding to develop the assets we acquire. We are not here to sit on them; we are here to produce.”

Lokpobiri assured that Nigeria’s policies now provide clarity, fiscal stability, and investor-friendly frameworks that encourage long-term partnerships.

“Your renewed presence will help us ramp up production and achieve our national energy objectives. Together, we can build a future of shared growth and prosperity,” he concluded.

decatalyst:
If nah me I no go sell am to them again.


They bolted when the country needed them more.

But I can't blame them sha. No body or business should sink with a country with no direction.

I hope the Nigeria government keep this momentum up.

Pakute:
https://thenationonlineng.net/american-firm-indicates-interest-in-returning-to-oml-145/amp/

DrAda:
I have learnt to expect the worst when I see news such as this.

decatalyst:
If nah me I no go sell am to them again.


They bolted when the country needed them more.

But I can't blame them sha. No body or business should sink with a country with no direction.

I hope the Nigeria government keep this momentum up.

lionshare:
If there is any sector I can confidently say this current administration has the capacity and expertise to transform, it is definitely the oil and gas sector.

Pakute:
https://thenationonlineng.net/american-firm-indicates-interest-in-returning-to-oml-145/amp/

zero8zero:
I thought the bitter ones were saying no Investment are coming in. Your hate and bitterness will never win you the election.

Pakute:
https://thenationonlineng.net/american-firm-indicates-interest-in-returning-to-oml-145/amp/

omenka:
I'm almost losing count of the number of reasons a typical Obidient would go to bed crying tonight. From terrorists being neutralised, to investors indicating interest in doing business in the country, to economic indices having positive outlook.

A very sad night for them indeed.

portacabin:
lots of you rant in ignorance. When things pick up in the country, nobody will tell you. Go to Transamadi industrial layout , in Portharcourt, it's like a ghost town. It's not about OBIdients or wailers or hailers. What happened to the hailers of the Buhari era?

zero8zero:
I thought the bitter ones were saying no Investment are coming in. Your hate and bitterness will never win you the election.