The Managing Director of Forte Oil, Mr. Akin Akinfemiwa, told journalists in Lagos that despite the failed attempt, the company has not given up on expanding operations to the upstream sub-sector of the industry, as it is currently reviewing some assets with a view to taking investment decisions on them.

To this end, he said Forte Oil has already registered an upstream company, FB Energy Development Company Limited, preparatory to taking those investment decisions.

Forte Oil eyes upstream, power, refining businesses