{"id":4264,"date":"2021-05-26T10:25:05","date_gmt":"2021-05-26T10:25:05","guid":{"rendered":"https:\/\/carlcon.com\/?p=4264"},"modified":"2021-05-26T10:25:06","modified_gmt":"2021-05-26T10:25:06","slug":"nnpc-snepco-in-deal-to-renew-oil-mining-lease","status":"publish","type":"post","link":"https:\/\/carlcon.com\/old\/2021\/05\/26\/nnpc-snepco-in-deal-to-renew-oil-mining-lease\/","title":{"rendered":"NNPC, SNEPCo, in deal to renew oil mining lease"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/carlcon.com\/wp-content\/uploads\/2021\/05\/Crude-Oil-Prices-Rise-2-1024x585-1.jpg\" alt=\"\" class=\"wp-image-4265\" width=\"665\" height=\"380\" srcset=\"https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/Crude-Oil-Prices-Rise-2-1024x585-1.jpg 1024w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/Crude-Oil-Prices-Rise-2-1024x585-1-300x171.jpg 300w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/Crude-Oil-Prices-Rise-2-1024x585-1-768x439.jpg 768w, https:\/\/carlcon.com\/old\/wp-content\/uploads\/2021\/05\/Crude-Oil-Prices-Rise-2-1024x585-1-600x343.jpg 600w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/figure>\n\n\n\n<p>The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years.<\/p>\n\n\n\n<p>The partners are Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration. and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE)<\/p>\n\n\n\n<p>The Corporation disclosed this in a statement signed by its spokesman, Dr Kennie Obateru, in Abuja on Tuesday.<\/p>\n\n\n\n<p>He said that the five agreements signed include, Dispute Settlement Agreement, Settlement Agreement, Historical Gas Agreement, Escrow Agreement and Renewed PSC Agreement.<\/p>\n\n\n\n<p>He quoted the Group Managing Director of the Corporation, Malam Mele Kyari, as saying that over 10 billion dollars\u00a0 of investment would be unlocked as a result of the agreements&#8230;&#8230;&#8230;&#8230;..TO CONTINUE READING CLICK ON <a href=\"https:\/\/thefreezonechannel.com\/nnpc-snepco-in-deal-to-renew-oil-mining-lease\/\">https:\/\/thefreezonechannel.com\/nnpc-snepco-in-deal-to-renew-oil-mining-lease\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The partners are Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration. and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4264"}],"collection":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/comments?post=4264"}],"version-history":[{"count":1,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4264\/revisions"}],"predecessor-version":[{"id":4266,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4264\/revisions\/4266"}],"wp:attachment":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media?parent=4264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/categories?post=4264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/tags?post=4264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}