The
The corporation also urged investors to take interest in opportunities in its frontier basins, gas fields, pipeline networks as well as its integrated power supply assets.
The NNPC listed its PSC partners as
The five deals signed were the dispute settlement agreement, settlement agreement, historical gas agreement, escrow agreement and the renewed PSC agreement.
A statement by the Group General Manager,
He said the deal signalled the end of the long-standing disputes over the interpretation of the fiscal terms of the PSC and the emplacement of a clear and fair framework for the development of the huge deepwater assets in
Kyari stated that the move was an indication of "a renewed confidence between NNPC and her partners; between the government and the investing communities which include NNPC".
"It produces value for all of us by providing a clear line of sight for investment in the Bonga bloc of around
He said the deal would yield over
"Ultimately, these agreements will engender growth in our country where investment will come in for other assets, not just in the deepwater, but even for new investors. It is an opportunity for them to see that this country is ready for business," he added.
Kyari lauded President
In his remarks, the Country Chair of
He added that the giant stride will further bolster investors' confidence in the country.
Also, the Managing Director of SNEPCo, Mr.
"Today, we have signed agreements that define the future of deepwater for
Managing Directors of Total,
They assured the corporation that the agreements would attract more investments to the industry
Corporation Seeks Upstream Investments
Meanwhile, the NNPC yesterday urged investors to take advantage of investment opportunities in
Speaking at this year's virtual Nigerian Oil & Gas Opportunity Fair (NOGOF 2021) themed "Leveraging Opportunities and Synergies for Post Pandemic Recovery of the Nigerian Oil & Gas Industry," Kyari stated that having been ravaged and disrupted by the impact of the COVID-19 pandemic, the industry was in dire need of fresh investments.
Kyari said at the two-day event organised by Nigerian Content Development Monitor Board (NCDMB), that there was the need to foster institutional collaborations, maximise participation of Nigerians in oil and gas activities, and link oil and gas sector to other areas of the economy.
Kyari spoke even as the NCDMB Executive Secretary, Mr. Simbi Wabote, said the board was eyeing at least
According to the NNPC boss, the oil and gas industry in
He stated that opportunities abound for potential investors to come into the sector, adding that synergies could be created between the NNPC and potential investors, towards assured value creation and a guaranteed fair share of Return on Investment (RoI).
Wabote, in his remarks, listed some of the partnerships undertaken by the board to include the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State, NEDO gas processing company in Kwale,
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