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Tuesday, September 27, 2022

NNPC Signs Execution (Bonga) Agreement Of OML 118 with Contractors.

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The contractors involves are ; Exxon Mobil Nigeria , Shell Nigeria, Total Nigeria. and others .

By these agreements, NNPCgroup and the Contractors have settled the long-standing disputes that have bedevilled the PSC administration and entered into a new PSC with clearly aligned terms.

This marks a watershed in the administration of deepwater operations in Nigera. Over $10bn of investment will be unlocked as a result of this development.

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