The company, Okoronkwo said, was one of the biggest single investment decision makers up to 2014, when it invested over $2.5 billion in acquiring oil mining lease
(OML) 29 asset.
On 3 rd May, Lagos officially became an oil-producing state, following the com- mencement of oil production at the Aje oil field in offshore Oil Mining Lease
On 3rd May, Lagos officially became an oil-producing state, following the commencement of oil production at the Aje oil field in offshore Oil Mining Lease
Oil and gas company Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B) announced on Wednesday that its subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the divestment of its interest in oil mining lease
(OML) 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta, for total cash proceeds of around USD1.7bn for Shell.
subsidiary of has completed the assignment of its interest in oil mining lease
29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta.
It is located in the south eastern part of Oil Mining Lease
(OML) 125, which is in water depths up to 780 meters.
Oil Mining Lease
26 was assigned to the Nigerian company FHN26 Limited, an affiliate of Afren plc, for an amount of some $98 million (SPDC share).
The Nigerian banks' funding facilitates First Hydrocarbon Nigeria Company Limited's acquisition of a 45 per cent stake in an onshore oil block, Oil Mining Lease
26, previously owned by Shell, Total and Eni.
It would also be recalled that NAER was also the only IOC that responded to invitations made by the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Jackson Gaius-Obaseki in the development of the offshore Oil Prospecting License (OPL) 91 now Oil Mining Lease
(OML) 119 of Nigerian Petroleum Development Company (NPDC) .
The Swedish oil prospecting and production company Lundin Petroleum AB said on Tuesday (12 April) that the Nigerian government had approved its acquisition of a 22.5% stake in Oil Mining Lease
(OML) 113, offshore Nigeria.
Asset Management Team (AMT) of Oil Mining Lease
(OML) 34, Nigeria Petroleum Development Company (NPDC) has disclosed that all issues concerning its operations, including inherited liabilities from Shell Petroleum Development Company (SPDC) and three years arrears of N1.3 billion to contractors have been cleared.
Target: JV stake in oil mining lease
18, related facilities in the Eastern Niger Delta