ExxonMobil Nigeria Renews OMLs Leases For A 20–Year Period

By Mod2   1 month ago   71
Business - Top Stories

15923777_20220812201157_jpeg88dc866a46aacfffb68a4ed6568ff95e

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) Limited.

These are among the first post Petroleum Industry Act deepwater lease renewals, and we applaud the @FMPRng Ministry of Petroleum Resources, the @NUPRCNigeria and @nnpclimited for providing the focused leadership and partnership that has led to this achievement.

Further, these extensions enable us and our partners to unlock the potential value in these OMLs and to bring forward additional investment.

15923778_20220812201159_jpeg6ea1da4bc1aa731f3c53d2792c426dbb

15923779_20220812201200_jpegc0aa402aeda654c75bc4fbbd125134ba

[NewsNaira]


Share this article!


Login to comment and earn


Talfenos Yohanna
1 month ago

I want be there


(Quote) (Likes)

I want to be there


(Quote) (Likes)