Norwegian Firms To Invest In Oil, Gas Sector

Norwegian Firms To Invest In Oil, Gas Sector

By Tunde Osho 

The Norwegian envoy to Nigeria, Ambassador Kjemprud Jens-Petter, has said that more Norwegian companies were showing interest to do business in Nigeria, following the improving Ease of Doing Business (EoDB) in Nigeria report. 

Jens-Petter told reporters in Lagos that government should sustain its ongoing commitment to creating the right investment environment for more foreign businesses to come to Nigeria.

According to the ambassador, “We are extremely pleased with President Buhari’s ongoing emphasis on the Ease of Doing Business in Nigeria initiative. More Norwegian companies have started indicating investment interest in Nigeria. The Norwegian oil company, Statoils stands ready to make huge investments in the Nnwa Doro Gas field.

“Also about 50 other Norwegian companies are ready to consider further activities in the offshore oil and gas sector,” he said.

The envoy added that the Norwegian companies had also indicated interest in the development of Nigeria’s hydro, solar, wind and wave power projects.