Home Topics OML 130

OML 130

Nigerian National Petroleum Corporation (NNPC)

NNPC, PSC partners end dispute over $2.3 billion oil assets’ acquisition

Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle all outstanding fiscal issues surrounding the development of the oil assets which had lingered since 2006.
The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.

China pumps $16 billion in Nigeria’s oil industry

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.

Egina FPSO sails to 200,000bpd offshore field

The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.

No upward review of Egina project budget – Total

Total Upstream Nigeria Limited (TUPNI) said the budgeted cost for the Egina project since the final investment decision made in 2013 was not reviewed upwards.

Recent Stories

Rivers Police Command says members of the Indigenous People of Biafra, IPOB, perpetrated the violence in parts of the State under the guise of #EndSARS.

#EndSARS: ‘Burning several police stations will lead to retrogression’ – police officer

The Police Command in Lagos on Friday warned that the burning of several police stations across the state will lead to retrogression and a waste of money that could have been deployed to other projects.
U.S. President Donald Trump and Democratic challenger Joe Biden offered sharply contrasting views on the still-raging coronavirus pandemic at Thursday’s final presidential debate, seeking to persuade the few remaining undecided voters.

Donald Trump, Joe Biden woo voters at final US presidential debate

President Donald Trump and challenger Joe Biden’s final debate on Thursday was a starkly more civil affair than their messy first showdown.
The Corporate Accountability and Public Participation Africa (CAPPA) has called for an international inquiry into the killing and maiming of peaceful #ENDSARS protesters at Lekki Toll Gate, Lagos, on Tuesday.

#EndSARS: Protesters urged to embrace peace, dialogue

The National Council of Muslim Youth Organisations (NACOMYO) has appealed to the #EndSARS protesters to embrace peace and dialogue in the interest of the national development.
Kano State Governor Abdullahi Umaru Ganduje

#EndSARS: Kano governor meets civil society groups

Governor Abdullahi Umar Ganduje of Kano State on Thursday night met with the leadership of civil society groups in the state, as he harped on why peace must continue to reign in the state.
Super Eagles forward Alex Iwobi is in contention for Everton’s Player and Young Player of the Season awards.

Carlo Ancelotti: Alex Iwobi’s quality can make Everton better

Everton manager Carlo Ancelotti says Alex Iwobi’s pace, hardwork and quality can help in making the Toffees a better team in certain situations.