NNPC OPPOSES SHELL’S ASSET WINNERS’ PLEA TO OPERATE OIL FIELDS

The Nigerian National Petroleum Corporation (NNPC) may have rejected the plea by prospective winners of the Shell Petroleum Development Company (SPDC) $5 billion assets to operate some of the oil fields.

The assets include the Oil Mining Lease (OML) 29 and the 97-kilometre Nembe Creek oil pipeline. Shell, which is the operator of the oil fields, has sold its 30 per cent equity stake in each of them to new owners that would be unveiled soon.


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