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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 sign gas agreements, target $760m revenue

NNPC, partners sign gas agreements, target $760m revenue The Punch Published 3 July 2021 The Nigerian National Petroleum Corporation and its partners in the Oil Mining Lease 130 Production Sharing Agreement and Production Sharing Contract are projecting to earn over $760m from the Gas Supply Purchase Agreement and Gas Entitlement Agreement executed by the parties in Abuja. NNPC said on Friday that the agreements were part of the corporation’s gas commercialisation programme and involved Total Exploration and Production Nigeria, China National Offshore Oil Corporation, South Atlantic Petroleum Nigeria Limited and Prime 130 Limited. It said in a statement issued in Abuja that the sale structure under which the agreements were executed was 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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