Nigeria: NNPC Goes Into Oil Exploration

The Nigerian National Petroleum Corporation (NNPC) will for the first time in its history be involved in oil exploration and production activities in the deepwater off-shore oil fields in the country.

The NNPC is going into exploration through its subsidiary, the Nigerian Petroleum Development Company (NPDC), which yesterday entered into partnership with three expatriate oil companies for operations in two different off-shore oil fields.

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