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NNPC, Total, Others Eye $760m Revenue from OML 130 Gas Supply Deal

Emmanuel Addeh in Abuja and Peter Uzoho
The Nigerian National Petroleum Corporation (NNPC) yesterday stated that, along with its partners, the national oil company was set to earn over $760m from various fresh agreements on gas supply.
The deals on the Oil Mining Lease (OML) 130 included a Production Sharing Agreement (PSA), Production Sharing Contract (PSC), Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA).
The agreements which are part of the corporation’s gas commercialisation programme involve Total Exploration and Production Nigeria (TEPNG), China National Offshore Oil Corporation (CNOOC), South Atlantic Petroleum Nigeria Limited (SAPETRO) and Prime 130 Limited.
The sale structure under which the agreements were executed is designed to provide a clear delineation for the allocation of the gas sale proceeds to all the participating parties, including midstream handling and transportation. ....

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NNPC, Partners To Rake In Over $760m Revenue From OML 130

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers.
The agreements which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria (TEPNG), China National Offshore Oil Corporation (CNOOC), South Atlantic Petroleum Nigeria Limited (SAPETRO) and Prime 130 Limited.
The sale structure under which the agreements were executed is designed to provide a clear delineation for the allocation of the gas sale proceeds to all the participating parties, including midstream handling and transportation. ....

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NNPC signs pact with Total, Sepetro on OML 130, to earn '$760m' in gas revenue

NNPC signs pact with Total, Sepetro on OML 130, to earn '$760m' in gas revenue
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NNPC, partners to earn over $760million revenue from OML 130 GSA

NNPC, partners to earn over $760million revenue from OML 130 GSA
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OML 130 Gas Supply Agreements To Fetch NNPC, Partners Over $760m

OML 130 Gas Supply Agreements To Fetch NNPC, Partners Over $760m
thewhistler.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewhistler.ng Daily Mail and Mail on Sunday newspapers.

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