The Nigerian National Petroleum Corporation – NNPC, says it has secured a one point two billion dollars Multi-year dulling financing package for 36 Offshore/Onshore Oil Wells under theNNPC/Chevron Nigeira Limited joint Venture. A statement by the Group General Manager Group Public Affairs Division, Mr. Ohi Alegbe says the deal was signed over the Weekend in London.
It adds that the funding package which is being financed by a Consortium of Nigerian and International Leaders is an integral part of the accelerated upstream financing programme initiated by NNPC to address the perennial challenge experienced by the Federal Government


in providing its counter-part funding of JV Upstream activities.
The break down shows that the one point two billion dollars is to be channeled into the development of 23 onshore and 13 offshore wells on OML 49, 90 and 95 in two stages from 2015 to 2018.

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