With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board on Monday in Abuja signed a Memorandum of Understanding and Service Level Agreement with the Nigerian National Petroleum Company Ltd and five international oil-producing companies.
Other top industry officials who signed the agreement included the Managing Director of Shell Petroleum Development Company and the Country Chair of Shell Companies in Nigeria Mr Osagie Okunbor, as well as the Chairman and Managing Director of ExxonMobil’s affiliates in Nigeria, Mr Shane Harris. Others included the Director of Joint Ventures for Chevron Nigeria, Mr Iwueze Cosmas; the Managing Director, Nigerian Agip Oil Company Ltd, Mr.
He added that “the industry found the outcome impressive leading to the Independent Petroleum Producers Group signing the SLA in 2018 and Oil Producers Trade Section thereafter.”