NNPC, TotalEnergies-Sapetro Consortium Sign Deepwater PSC for Niger Delta Blocks
[NigerianEye - Nigeria] - 2/09/2025
The Nigerian National Petroleum Company Limited (NNPC Ltd), in partnership with the TotalEnergies-South Atlantic Petroleum (Sapetro) Consortium, has executed a historic Production Sharing Contract (PSC) for Petroleum Prospecting Licences (PPLs) 2000 and 2001.This marks the first of such agreement under the Petroleum Industry Act (PIA) 2021 to comprehensively cover both crude oil and natural gas exploration and production in Nigeria's deepwater offshore blocks.The signing ceremony took place on Monday, September 1, 2025, at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) (…)
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