BONGA SOUTH-WEST APARO PROJECT: NNPC, OML 118 CONTRACTOR PARTIES EXECUTE PSC AND DSA ADDENDA..PROJECT TO ATTRACT $15-21B INVESTMENT, TO BECOME NIGERIA’S LARGEST DEEPWATER DEVT.
By PR
The Nigerian National Petroleum Company Limited (NNPC Ltd), and the OML 118 Contractor Parties — Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited, and Nigerian Agip Exploration Limited (NAE) — today executed the Addendum to the OML 118 Production Sharing Contract (PSC) and the Addendum to the Dispute Settlement Agreement (DSA), marking a major milestone in the advancement of the deepwater Bonga Southwest/Aparo project (BWSAp) towards Final Investment Decision (FID).
The execution gives effect to the fiscal and commercial terms approved by the Federal Government to support the development of BSWAp and it reinforces Nigeria's commitment to creating a competitive, stable and attractive en...









