Tuesday, October 24, 2017

Nigeria's State Oil Company Signs Deals with Chevron, Shell

Posted by August 3, 2017

Nigeria's state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves.

The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable reserves of 211 million barrels.

It said a joint venture with Shell Petroleum Development Company would lead to the development of a project comprising of 156 development activities across 12 oil mining licences in the Niger Delta production hub.

(Reporting by Alexis Akwagyiram and Chijioke Ohuocha)

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