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NNPC, Addax End 24-year Oil Production Deal as Antan Takes Over Four Assets – THISDAYLIVE

NNPC, Addax End 24-year Oil Production Deal as Antan Takes Over Four Assets – THISDAYLIVE
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Osun stateNigeria generalBorno stateAbuja federal capital territorySagiru jajereMuhammadu buhariEmmanuel addehMagnus abeGarba muhammadFinancial crimes commissionRevenue serviceNational youth service corpsMinistry of worksUniversity of maiduguriGovernment science secondary schoolNigerian upstream petroleum regulatory commission

Addax ends Nigeria saga with NNPC transfer

NNPC has completed its acquisition of Addax s four licences in Nigeria, bringing to an end various contractual challenges.

Abuja federal capital territoryMuhammadu buhariBala wuntiYonghong chenMele kyariSagiru jarejeFinancial crimes commissionAddax petroleumPetroleum industry actNigerian upstream petroleum regulatory commissionInvestment management servicesNigerian national petroleum corpNigerian national petroleumAttorney generalFederal inland revenue system

NNPC Ltd takes over PSC assets from Addax Petroleum Development Nigeria

The takeover comes three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137, operated by Addax Petroleum Ltd.

Nigeria generalAbuja federal capital territoryMuhammadu buhariSagiru jajereGarba deen muhammadMele kyariAntan producingAddax petroleum development nigeriaOffice of the attorneyNigeria national petroleum company limitedTransition teamInvestment management servicesAddax petroleum ltdProduction sharing contractAddax transferBrexit agreement

NNPCL takes over Addax petroleum production sharing contract assets

The Nigerian National Petroleum Corporation Limited, NNPCL has taken over Addax Petroleum Production Sharing Contract, PSC. This is according to a

Nigerian national petroleum corporationAddax petroleumAddax petroleum production sharing contractAddax petroleum development nigeria ltdNigerian national petroleum corporation limitedProduction sharing contractAddax petroleum developmentYear production sharing contractYonghong chen

NNPC takes over Addax Petroleum s PSC assets

The move followed the termination of the Production Sharing Contract (PSC) relationship between NNPC and Addax.

Addax petroleumNigerian national petroleum company limitedAddax petroleum development nigeria ltdProduction sharing contractAddax petroleum developmentYear production sharing contractYonghong chen