The Nigerian National Petroleum Company Limited (NNPC Ltd) and its OML 118 contractor partners—Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited, and Nigerian Agip Exploration Limited (NAE)—have executed key addenda to the Production Sharing Contract (PSC) and Dispute Settlement Agreement (DSA). This execution marks a major step forward...
Category: Oil and Gas
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NNPC Secures Presidential Approval for $20 Billion Final Investment Decision on Bonga Deepwater Project
His Excellency, President Bola Ahmed Tinubu GCFR, has approved a targeted fiscal incentive designed to unlock the longawaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth. The project is estimated to attract about $20 billion in Foreign...
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Potential Power Fluctuations Expected as Seplat Energy Begins Scheduled Gas Plant Maintenance
J. Adaralegbe AbujaABUJA – Nigerians may experience a temporary dip in electricity supply this week as Seplat Energy Plc commences a four-day scheduled maintenance on its major gas production facilities.The maintenance exercise, which began today, February 12, is expected to run through February 15, 2026. Seplat Energy, a key Joint Venture partner of NNPC Ltd,...