OIL AND GAS RESEARCH DEVELOPMENT PROJECT

OIL AND GAS RESEARCH DEVELOPMENT PROJECT

Sector   :  Energy
Type   :  Public
Project owner   : Ministry of Petroleum

Amount (USD)  :   339,574 millions
Amount (FCFA)  :   269,787 billion FCFA

Niger has oil and gas potential with reserves estimated at over one billion barrels of oil and 23,175 billion m3 of natural gas. The main objective of the project is to intensify oil and gas exploration in Niger.

Benefits

  • Grant oil companies a maximum of exclusive authorization for oil and gas exploration;
  • Several tax advantages granted by the State for oil and gas exploration companies;
  • Attract new oil and gas companies;
  • Lead to new discoveries of hydrocarbon deposits.


CHARACTERISTICS OF THE NEED FOR PARTNERSHIP

Design   :  State / partner
Funding   :  State / partner
Implementation   : State / partner
Operation   : State / partner
Risk sharing   : State / partner