The Nigerian National Petroleum Company (NNPC) Limited has taken over the oil mining lease (OML) 18 from the previous operator, Eroton Exploration and Production Limited.
NNPC Eighteen Operating Limited, a subsidiary of NNPC Limited, is now the new operator of OML 18 according to the NNPC spokesperson, Garba Muhammad, in a statement on Monday.
Prior to the takeover, both Eroton and NNPC owned stakes in OML 18 as a joint venture, with Eroton operating the oilfield. However, in the last two years, the oilfield has not been producing.
