Nigeria: NNPC, Shell, Others Seal Deal to Unlock $10bn Investments

26 May 2021

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners yesterday executed joint agreements to renew Oil Mining Lease (OML) 118 for another 20 years.

The corporation also urged investors to take interest in opportunities in its frontier basins, gas fields, pipeline networks as well as its integrated power supply assets.

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