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US Firm, Baker Hughes, Targets New Oil Fields in Nigeria

Omotayo Daranjo by Omotayo Daranjo
December 5, 2023
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US Firm, Baker Hughes, Targets New Oil Fields in Nigeria
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As Nigeria considers offering new oil fields to potential investors in a deliberate move to meet its OPEC quota, a global oil and gas conglomerate, Baker Hughes, has indicated interest to bid in the upcoming oil bid round.

It is also showing keen interest in the country’s thriving refining industry.

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Baker Hughes company, based in Houston, United States, is one of the world’s largest oil field services companies operating in over 120 countries.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, secured the company’s interest when he engaged the Chairman/President of Baker Hughes, Lorenzo Simonelli, at a meeting on the sidelines of the 28th United Nations Climate Change Conference in the United Arab Emirates.

The special adviser to the minister on Media and Communications, Nneamaka Okafor, said in a statement issued in Abuja that during the meeting, Baker Hughes “expressed keen interest in sustaining and enhancing their  investment in Nigeria’s oil and gas industry, including the readiness to invest in refineries.”

The oil firm’s boss conveyed his company’s commitment to contributing to the energy transformation agenda of the federal government.

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