Two sets of alternative financing agreements on Joint Venture projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation, Chevron and Shell.
STAR Ultra Deep Petroleum Limited, a subsidiary of Chevron Nigeria has sponsored the training of 50 youths in Oyo State for a three months course at the OFFERCentre institute of Agriculture, Oluponna, Osun State.
The 2,700 ton Sonam Non-Associated Gas Wellhead Platform (Sonam NWP) built by Hyundai Heavy Industries in partnership with Nigerdock in Lagos for the Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) Joint Venture, has been completed.
President, Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has disclosed that Nigeria has more gas resources to make it number three or four in the world.
The Nigerian National Petroleum Corporation (NNPC) has secured a USD1.2 billion multi-year drilling financing package for 36 oil wells under the NNPC and Chevron Nigeria Limited Joint Venture (JV).