OML 65: CPDC, NPDC in Multi-Million Dollar Oil and Gas Deal

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Capt Hosa Okunbo and Mansur Sambo

By Editor

Nigeria Petroleum Industry witnessed a mega deal penultimate week when CPDC and Nigeria Petroleum Development Company, NPDC formerly signed the dotted lines to harvest the Hydrocarbon in OML 65.

The agreement was concretized by the Chairman of CPDC, Capt Hosa Wells Okunbo and Managing Director of NPDC, Mansur Sambo. The ceremony held at the Grand Hyatt Hotel in Dubai.

The $876 Million deal involves Financing and Technical Service Agreement (FTSA) between NPDC and CPDC on the Development of OML 65 Oil and Gas NPDC Asset.

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