“Signature bonus of $10m, a production bonus of two million barrels, and cash equivalents on attainment of 35 million and 100 million barrels,” and-then-what details about what PPLs 2000, 2001 awardees will offer on new PSC deals The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed the Production Sharing Contract (PSC) with Nigerian National Petroleum Company (NNPC) Limited and the TotalEnergies–and South Atlantic Petroleum (Sapetro) Consortium for two offshore blocks spanning about 2,000 square kilometres in the Niger Delta Basin. A statement from the NUPRC quoted the Chief…
Read MoreWhat Nigeria’ll Get As NUPRC Inks Deals With NNPC, TotalEnergies, Sapetro
