Nigeria: NNPC Bags Reuters' Award for U.S.$1.2 Billion Oil Well Financing Deal

14 January 2016

Abuja — The Joint Finance Team of the Nigerian National Petroleum Corporation, NNPC and its Joint Venture Partners, Chevron Nigeria Limited, were yesterday, named the winner of the Thomson Reuters/PFI Magazine ‘Africa and Middle East Oil Deal of the Year Award for 2015.’

The NNPC in a statement signed by its Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, stated that the award is in recognition of the $1.2 billion multi-year drilling financing package for 36 Offshore/Onshore Oil wells under the NNPC/CNL Joint Venture initiated under the Accelerated Upstream Financing Programme executed at a signing ceremony in London in September, 2015.

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