Green Energy secures $350m financing for 2nd Otaikpo marginal field project

Uche Usim, Abuja

Green Energy International Limited, (GEIL), the operator of the Otakikpo Marginal Field  in OML 11 Rivers State, has entered into a Memorandum of Understanding (MOU) with a consortium of international companies including International Bank, Crude Oil Off-Taker and EPIC Contractor for the second phase development of the field involving a total package of $350 million.

The…

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