FG Reaffirms Commitment to Deepwater Sector Investment with Bold Reforms

The Federal Government reaffirmed its commitment to investing in Nigeria's deepwater sector, aiming to create a conducive environment for Engineering Procurement Construction (EPC) companies. Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, emphasized the government's dedication to bold reforms and competitive incentives to attract investments.

Speaking at the EPC Deepwater Investment Roundtable in London, Lokpobiri urged major EPC companies to return, assuring that concerns have been addressed through policy shifts and regulatory improvements. The government aims to enhance the investment landscape and encourage partnerships to boost the sector's growth and attract international oil companies.