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3 New Articles
  • 4 minutes ago NLC laments rising poverty, insecurity, threatens mass action
  • 17 minutes ago Flood: Benue, Edo, Bayelsa mobilise as Lagdo Dam release threat looms
  • 22 minutes ago NDPC slaps ₦766m fine on Multichoice over data privacy breach
Home Tag Archives: Addax

Tag Archives: Addax

Oil & Gas

NNPC completes deal with Addax, assumes control of oil blocks

By Breezynews
1 February 2023
in :  Oil & Gas
0
66

NNPC Limited on Tuesday officially took over Oil Mining Lease (OML) 123/124 and 126/137, operated by Addax Petroleum Development (Nigeria) Limited after concluding all transaction obligations. The deal ends a 24-year production-sharing contract arrangement between both parties. In a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad in Abuja, NNPCL said the transfer was achieved three months after …

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