Exploring African market by visiting Nigeria

Date: 2021-09-17

JTA CEO, in an intensive schedule, travelled to Nigeria on September 15th of 2021, in particular to explore the opportunities in energy sector market of the country.
Dr Salemi met with president of a world class energy conglomerate and visited their offshore oil production field for an upgrade of the existing facilities and unlocking potential upsides of the reserves by implementing new asset management technologies by investing over seven hundred million dollars on wells and surface facilities to almost triple the production capacity. Also, JTA will be the off-taker of the field if the agreement gets finalized.
Negotiations are moving on this fantastic development and the expansion project is expected to start on second quarter of 2022.
Nigeria is a multinational state inhabited by more than 250 ethnic groups and the country enjoys being the largest population and economy in Africa, which makes it a great target market for JTA investment.