Nigeria: NNPC, Investors Jostle for Operatorship of Shell's Four Oil Blocks

27 May 2014

Prospective investors in the ongoing divestment by Shell Petroleum Development Company (SPDC) and its Joint Venture (JV) partners are aggressively lobbying for the operatorship of the four oil blocks.

The private investors, it was gathered are pushing for the federal government to set aside the Joint Operating Agreement (JOA) between the Nigerian National Petroleum Corporation (NNPC) and the international oil companies (IOCs), which vests the operatorship of relinquished oil blocks on the NNPC.

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