NNPC, Afreximbank sign $1.04 billion deal for oil exploration

The corporation and its Production Sharing Contract (PSC) partners namely Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL), and Nigerian Agip Exploration (NAE), executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years.

Source: NairaMetrics

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