With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. The SLA was conceptualised by the NCDMB and is intended to optimize the contracting cycle in the oil and gas industry and spur the speedy development…
Read MoreNigeria Crashes Oil Contract Cycle To 180 Days, NCDMB, NNPC, IOCs Seal Deal
