The Nigerian National Petroleum Corporation (NNPC) has provided a clarification on the role of its subsidiary, National Petroleum Investment Services (NAPIMS) in the $260 million contract awarded by ESSO Exploration and Production Nigeria Limited, a subsidiary of ExxonMobil in Usan oilfield.The corporation has also blamed the ExxonMobil unit for planning to cancel a running contract, saying the NAPIMS’ position is that “if ESSO unilaterally cancels this contract, ESSO will solely bear all incidental costs and cost of the replacement service, and such costs will be non-recoverable.”
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