The Nigerian National Petroleum Corporation (NNPC) has said some $3 billion worth of third party financing has been signed with international lenders to finance oil and gas obligations under joint venture and production sharing agreements in the course of 2016 and 2017, writes Barry Morgan.
Leveraging the country’s 37 billion barrels of recoverable oil reserves and 200 trillion cubic feet of gas reserves, the NNPC also managed to execute a financial package in excess of $700 million with Schlumberger.
