The Nigerian National Petroleum Corporation (NNPC) has secured a $3.15 billion agreement for the development of OML-13.
TheNewsGuru (TNG) reports NNPC is the oil corporation through which the federal government of Nigeria regulates and participates in the country’s petroleum industry.
The NNPC business operations are managed through strategic business and corporate services units in diverse locations across Nigeria.
OML-13 is a 100% equity asset of the Nigerian Petroleum Development Company Ltd (NPDC), an upstream subsidiary of the NNPC.
NNPC secured the $3.15 billion agreement from Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) on Tuesday.
VIDEO 📹: Signing ceremony of $3.15bn Financing & Technical Services Agreement between @NNPCgroup and Sterling Oil Exploration & Energy Production Company Limited (#SEEPCO) for the Development of OML -13, a 100% Equity Asset of #NPDC, @NNPCgroup's Upstream subsidiary, today. pic.twitter.com/91jfVZ20Zj
Advertisement— NNPC Limited (@nnpclimited) July 23, 2019
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