NNPC signs OML 118 Agreement to Unlock $10bn Investment with Shell, ExxonMobil, Total

The Nigerian National Petroleum Corporation (NNPC) has signed the execution of Oil Mining Lease (OML) 118 (Bonga) between it and contractor parties.

The parties include Shell Nigeria, Exxon Mobil, Total Nigeria, among other,

“This marks a watershed in the administration of Deepwater operations in Nigeria. Over $10 billion of investment will be unlocked as a result of this development,” NNPC said.

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