Nigeria's state-owned oil company NNPC Ltd announced on Thursday that it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step in resolving disputes over a deepwater oil block in the Niger Delta.<\/p>\n
Oil\u00a0<\/span>Mining lease 130 is located offshore the Niger Delta at water depths of over 1,000 meters. The block contains the Akpo and Egina producing fields and the Preowei discovery.<\/p>\n NNPC said in a statement that the agreements will pave the way \"to confirm the final investment decision on Preowei amounting to $2.1 billion\".<\/p>\n NNPC stated that the agreements would convert\u00a0the lease\u00a0<\/span>to a petroleum exploitation license, in accordance with a new law.<\/p>\n Nigeria struggled with low production\u00a0of oil\u00a0<\/span>due to massive crude theft, pipeline vandalism and underinvestment. The majors\u00a0p\u00e9troli\u00e8res\u00a0<\/span>in the country are moving away from land-based operations to focus on deepwater projects.<\/p>","protected":false},"excerpt":{"rendered":" La compagnie p\u00e9troli\u00e8re publique nig\u00e9riane NNPC Ltd a annonc\u00e9 jeudi avoir renouvel\u00e9 un contrat de partage de production avec Total, China National Offshore Oil Corp et d\u2019autres, une…<\/p>","protected":false},"author":3,"featured_media":3685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","page_builder":"","footnotes":""},"categories":[5],"tags":[633,253,635,634,278,301,32],"class_list":["post-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite","tag-cnooc","tag-contrat","tag-exploitation","tag-licence","tag-nigeria-2","tag-nnpc","tag-petrole"],"yoast_head":"\n