The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), on Monday signed documents on the conversion of five OMLs into four PPLs and 26 PMLs.
In a post on its Facebook page, NNPCL said the action was in line with the provisions of the Petroleum Industry Act (PIA) 2021.
The signing ceremony was held at the NNPC Towers, in Abuja.
“Earlier today in a signing ceremony held at the NNPC Towers, NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), signed documents on the conversion of five OMLs into four PPLs and 26 PMLs, in line with the provisions of the Petroleum Industry Act (PIA) 2021.
“The GCEO NNPC Ltd., Mr. Mele Kyari and the Director, Deepwater and Production Sharing Contract (PSC) of Chevron Nigeria Limited (CNL), Mrs. Michelle Pflueger, signed the new agreements on behalf of their respective companies, under the watch of the Industry regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC)”, the post read.
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