The Nigerian National Petroleum Company Limited and OML18 Energy Limited, both non-operating partners of Oil Mining Lease 18, on Monday announced the removal of Eroton as the operator of the joint venture in line with the provisions of the Joint Operating Agreement (JOA).
Garba Deen Muhammad, the chief corporate communications officer of NNPCL, in a statement on Monday said the move is to curtail further degradation of the asset and revamp the production of oil and gas.
The partners appointed NNPC Eighteen Operating Limited as the new operator, the statement said. Both entities jointly own 71.2 per cent equity in the JV.
