. The NNPC/FIRST E&P OML83 & 85 Joint Venture, has inaugurated a Development Trust for its host communities in compliance with the Petroleum Industry Act 2021 mandate. The inauguration ceremony was held on Friday, September 22, 2023, at the Golden Tulip Hotel in Yenagoa, Bayelsa State. The Trust, named ‘KEFFESO Host Communities Development Trust’ (KHCDT), is a not-for-profit and non-political organization which will be governed by a constitution. In support of its activities, the NNPC/FIRST E&P JV will contribute 3% of its actual operating expenditure in the upstream petroleum operations…
Read MoreOML 83 & 85: NNPC/FIRST E&P JV Sets Up Development Trust for Host Communities
