News Formal

OML 13: NNPC signs five deals with partners, eyes $2.1bn investment | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

OML 130: NNPC signs five deals with partners, eyes $2.1bn investment | TheCable

Share

According to the national oil company, the deals align with the provisions of the Petroleum Industry Act of 2021. NNPC said five agreements were signed at a ceremony in Abuja on Thursday, presided over by Gabriel Aduda, permanent secretary, ministry of petroleum resources.The deals include a PSC between the national oil company and its contractors, CNOOC and SAPETRO, with TUPNI as the operator, according to a statement from NNPC.

Others are concession contracts for one petroleum prospecting licence and three petroleum mining leases ; and lease and license instruments between NNPC, TUPNI, SAPETRO, Prime 130, and NUPRC.NNPC said the milestone had paved the way to firm up the final investment decision on the, amounting to about $2.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OML 130: NNPCL Renews 5 Agreements With Partners, Unlocks $2.1bn Final Investment DecisionThe Nigerian National Petroleum Company Limited (NNPCL) has announced the renewal of a series of agreements concerning Oil Mining Lease (OML) 130.
Source: LeadershipNGA - 🏆 4. / 77 Read more »