Warning: getimagesize(https://media.energytimesonline.com/wp-content/uploads/2020/08/logo_n-removebg-preview-300x55.png): failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/energytimes/public_html/wp-content/plugins/td-cloud-library/shortcodes/header/tdb_header_logo.php on line 792
Wednesday, July 28, 2021
Home Uncategorized NNPC, SEEPCO sign gas deal on OML 143

NNPC, SEEPCO sign gas deal on OML 143

- Advertisement -

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, and Chairman of Sterling Exploration and Energy Production Company, (SEEPCO), Mr. Tony Chukwueke, on Thursday signed a Gas Development Agreement (GDA) on Oil Mining Lease (OML) 143.

According to series of tweets  on the NNPC handle, the latest milestone provides the terms for the development of OML 143 Gas, providing gas for the domestic market which aligns perfectly with the Federal Government’s National Gas Expansion Programme (NGEP).

Last year, the two partners also signed off an agreement geared towards  monetisation of gas from OML 143, tucked in the deep forests of the Niger Delta, could also help reduce gas flaring in the country, NNPC added.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Electricity generation from Egbin plant hits 883MW, loses N13.68bn to gas, grid constraints

  BY KAYODE EKUNDAYO Electricity generation from Egbin Power Plant has risen to 883MW as another 175MW unable to be utilized due to external constraints with...

Russia writes OPEC, restates commitment to cooperation

Russia has reaffirmed its commitment to the development of the constructive cooperation with the Organisation of Petroleum Exporting Countries (OPEC) both within the framework...

Oriental Energy Resources Announce Mustafa Indimi New Managing Director

Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria....

Shareholder protection is our priority- Lekoil Nigeria CEO

The Chief Executive Officer of Lekoil Nigeria Limited, Mr. Lekan Akinyanmi, has disclosed that the protection and growth of shareholder value remain priority in...

Recent Comments