…DEAL TO YIELD $780 MILLION IN IMMEDIATE REVENUES TO GOVERNMENT The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) – have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The five agreements signed include, Dispute Settlement Agreement, Settlement Agreement, Historical Gas Agreement, Escrow Agreement and Renewed PSC Agreement. A statement by the Group General…
Read MoreOML 118: NNPC, SNEPCo, OTHERS SIGN MULTIBILLION DOLLAR DEEP-WATER AGREEMENT
