OML 118: NNPC, SNEPCo, Others Sign Multibillion Dollar Deep-Water Agreement
…Deal to Yield Over $780million 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) …
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