Companies & Finance

NNPC signs agreement with CNOOC to develop Nigerian oilfield services

NNPC and CNOOC have signed an MOU to boost R&D in Nigeria's oil and gas industry
By Staff reporter 7 September 2018 0 32462

Nigerian National Petroleum Corp. (NNPC) has signed a memorandum of understanding with China National Offshore Oil Corp. to develop Nigeria’s oilfield services sector and boost research and development in the oil and gas industry, NNPC said on Thursday.

The two NOCs will collaborate on acquiring the expertise required to provide oilfield services, including operatorship of oilfield assets in Nigeria and beyond.

NNPC’s research labs in Port Harcourt will also see a major upgrade as a result of the partnership.