Tag: CHEVRON

NNPCL, Chevron targets JV’s 165,000 bpd oil production by Dec. 2024

Aminu Imam
NNPCL, Chevron

…As partners concludes conversion of assets into PIA terms In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms. Under the new PIA regime, all existing Oil Prospecting Licenses (OPLs) and Oil Mining Leases (OMLs) would be automatically converted to Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Leases, (PMLs) upon their…

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Zulum inaugurates abandoned medical center in Biu

Abdul-Azeez Ahmed Kadir

Gov. Babagana Zulum of Borno has inaugurated a multi-million naira medical centre in Miringa, Biu Local Government donated by Chevron Nigeria Ltd, but abandoned since 2020. This is contained in a statement signed by the Senior Special Assistant to the governor, Baba-Sheik Haruna and issued in Abuja on Friday. The governor’s action followed a peaceful protest launched by the people of Miringa on the governor’s convoy on Tuesday while on his way for a 3-day working visit to Biu LGA asking him to put the facility to use. He said…

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