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Nigeria Eyes $500B In Revenue From Renewed PSCs With Oil Majors

Nigeria Eyes $500B In Revenue From Renewed PSCs With Oil Majors

ExxonMobil Nigeria Renews OMLs Leases For A 20–Year Period (Photos)

We are pleased to announce the renewals of our OMLs 133 (Erha) and 138 (Usan) deepwater leases for a further 20–year period. This includes extensions of Production Sharing Contracts with our partner NNPC Limited These renewals validate @ExxonMobil NG earlier commitment to maintain a significant deepwater presence in Nigeria, via Esso Exploration and Production Nigeria (Deepwater)…

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