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NNPC signs contract ending dispute over OML 130

Nigerian National Petroleum Corporation (NNPC) has signed heads of terms with CNOOC Ltd and South Atlantic Petroleum (Sapetro) to bring to an end a dispute on Oil Mining Licence (OML) 130. The offshore licence holds the Egina and Akpo fields, which started producing in 2009 and 2018. NNPC’s agreement with the two companies represent a…

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