Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire 45 per cent stake in Oil Mining Lease (OML) 17 onshore oilfield. The NNPC holds 55 per cent equity in the Lease. The disbursement is about a quarter of the financing required
Final nod was given weekend in London to the tripartite financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, OML 83 and OML 85, offshore Nigeria. The execution of the final contractual agreement comes a year after it was initiated. The NNPC said […]