{"id":9206,"date":"2020-09-25T12:48:39","date_gmt":"2020-09-25T12:48:39","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9206"},"modified":"2020-09-25T12:48:39","modified_gmt":"2020-09-25T12:48:39","slug":"nigeria-nnpc-seepco-sign-oml-143-monetization-agreement","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-nnpc-seepco-sign-oml-143-monetization-agreement\/","title":{"rendered":"NIGERIA: NNPC, SEEPCO Sign OML 143 Monetization Agreement"},"content":{"rendered":"

The Nigerian National Petroleum Corporation (NNPC) and Sterling Global have signed off on agreements for monetization of its fully operated Oil Mining Lease (OML) 143. According to NNPC this latest development will help increase NNPC’s footprints in the downstream gas market and a potential revenue of $500-600m to the country.<\/p>\n

Group Managing Director Mallam Kyari<\/span> signed the dotted lines on behalf of NNPC group<\/span>, while\u00a0 Tony Chukwueke, Chairman of Sterling Oil Exploration & Energy Production Company Limited (#<\/span>SEEPCO<\/span><\/a>), signed for his company.<\/p>\n

SSEPCO currently produces the\u00a0 Okwuibome Blend of crude oil which is popular amongst North America, France, Italy, United Kingdom, Australia, South Africa and parts of Asia owing to its low sulfur and sweet crude quality. The mix of energy that provides heat, light and mobility for billions of people is shifting towards lower-carbon sources, driven by advancement in technology and growing concerns about climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigerian National Petroleum Corporation (NNPC) and Sterling Global have signed off on agreements for monetization of its fully operated Oil Mining Lease (OML) 143. According to NNPC this latest … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7444],"tags":[1752,8117,8500,8502,8501,8499,8503],"class_list":["post-9206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-west-africa","tag-nigerian-national-petroleum-corporation","tag-nnpc","tag-oil-mining-lease","tag-okwuibome-blend","tag-oml-143","tag-seepco","tag-sterling-oil-exploration-energy-production-company-limited","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/NNPC-SEEPCO.jpg?fit=2048%2C1366&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2ou","jetpack-related-posts":[{"id":8793,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nnpc-reaches-deal-with-sapetro-cnooc-ending-oml-130-dispute\/","url_meta":{"origin":9206,"position":0},"title":"NIGERIA: NNPC Reaches Deal with Sapetro, CNOOC Ending OML 130 Dispute","author":"","date":"August 10, 2020","format":false,"excerpt":"In its bid to meet the target of revving up production to three million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and\u00a0 $510million\u00a0 in the long run for the Federation,\u00a0 the Nigerian National Petroleum Corporation (NNPC) has reached an\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"NNPC Signs Pact with CNOOC and SAPETRO to Resolve OML 130 Dispute","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-CNOOC-SAPETRO.jpg?fit=680%2C453&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-CNOOC-SAPETRO.jpg?fit=680%2C453&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-CNOOC-SAPETRO.jpg?fit=680%2C453&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14748,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-first-ep-reports-significant-hydrocarbon-discovery-in-the-songhai-field-oml-85\/","url_meta":{"origin":9206,"position":1},"title":"NIGERIA: First E&P Reports Significant hydrocarbon Discovery in the Songhai Field, OML 85","author":"","date":"March 11, 2025","format":false,"excerpt":"The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85 in the shallow offshore region of Bayelsa. The well was spudded on November 18, 2024,\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/03\/Nigeria-OML-83-85.png?fit=602%2C384&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/03\/Nigeria-OML-83-85.png?fit=602%2C384&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/03\/Nigeria-OML-83-85.png?fit=602%2C384&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9707,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-heirs-holdings-acquires-45-of-oml-17-from-shell-total-and-eni\/","url_meta":{"origin":9206,"position":2},"title":"NIGERIA: Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI","author":"","date":"January 17, 2021","format":false,"excerpt":"Heirs Holdings \u00a0the leading African strategic investor, in partnership with affiliated company\u00a0Transnational Corporation of Nigeria Plc (Transcorp), Nigeria\u2019s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through\u00a0TNOG Oil and Gas Limited (a related company of\u2026","rel":"","context":"In \"Afam Power Plc\"","block_context":{"text":"Afam Power Plc","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/afam-power-plc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-OPL-281.jpg?fit=412%2C324&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15571,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-chevron-successfully-completes-the-awodi-07-appraisal-and-exploration-well\/","url_meta":{"origin":9206,"position":3},"title":"NIGERIA: Chevron Successfully Completes the Awodi-07 Appraisal and Exploration Well","author":"","date":"January 27, 2026","format":false,"excerpt":"Chevron Nigeria Limited (CNL) has recorded a significant hydrocarbon discovery following the successful drilling and evaluation of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta. The Awodi-07 well, drilled under the NNPC Ltd\/Chevron Nigeria Limited Joint Venture, was executed as part of Chevron\u2019s ongoing exploration\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/OML90.webp?fit=1200%2C842&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/OML90.webp?fit=1200%2C842&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/OML90.webp?fit=1200%2C842&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/OML90.webp?fit=1200%2C842&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/OML90.webp?fit=1200%2C842&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14292,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-nnpc-partner-unlock-12000bpd-production-from-awoba-unit-field\/","url_meta":{"origin":9206,"position":4},"title":"NIGERIA: NNPC,\u00a0Partner\u00a0Unlock\u00a012,000bpd\u00a0Production\u00a0From\u00a0Awoba\u00a0Unit\u00a0Field","author":"","date":"April 29, 2024","format":false,"excerpt":"Keen on optimising production from the nation\u2019s hydrocarbon assets to boost revenues and meet the nation\u2019s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production from the Awoba field which\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Nigeria-OML-24.jpg?fit=500%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12548,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-sirius-petroleum-receives-oml-65-approvals-secured-from-nnpc\/","url_meta":{"origin":9206,"position":5},"title":"NIGERIA: Sirius Petroleum Receives OML 65 Approvals Secured from NNPC","author":"","date":"August 4, 2022","format":false,"excerpt":"Sirius has announce that its JV partner, COPDC, has received the requisite approvals from the Nigerian National Petroleum Corporation (\u201cNNPC\u201d) that enables the company to proceed with the drawdown of financing in order to commence Phase 1 of the Approved Work Programme\u00a0 in respect of OML 65 in Nigeria. Sirius\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9206"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9206\/revisions"}],"predecessor-version":[{"id":9208,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9206\/revisions\/9208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9207"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}