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Exploration

The Nigerian National Petroleum Corporation (NNPC), the government-owned National Oil Company, has reached an agreement with its private sector partners, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETROL), to resolve all outstanding issues relating to the development of the Oil Mining Lease, (OML) 130

The Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of today’s Shell Petroleum Development Company (SDPC) successfully drilled the first oil well in Nigeria in January 1956

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