To expeditiously grow the Federal Government’s revenue and in turn boost the nation’s reserve base,the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil Company (NAOC) and Oando, have executed a novation agreement for Oil Mining Leases (OMLs) 60,61, 62 and 63. The Group Managing Director of the NNPC, Mallam Mele Kyari, speaking on the significance […]
The Nigerian National Petroleum Corporation(NNPC) said that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license operated by NNPC’s upstream subsidiary Nigeria Petroleum Development Company (NPDC). The deal is part of NNPC’s strategy to develop […]
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