NNPC signs new agreements with Chevron Nigeria to convert five OMLs into four PPLs, 26 PMLs

Earlier on Monday 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).