On 25 September 2019, the Nigerian National Petroleum Company (NNPC) has signed a novation agreement with partners Nigerian Agip Oil Company (NAOC) and Oando Energy Resources Inc (Oando) regarding the OML 60, OML 61, OML 62 and OML 63. The deal signifies the transfer of the NNPC interest to Nigerian Petroleum Development Company (NPDC) which is the upstream branch of the NNPC.  The general manager director of NNPC, Mallam Mele Kyari, said on 25 September 2019 in NNPC headquarters in Abuja: "the agreement marked a significant milestone, with the promise to bring about an amicable end to all litigations, and arbitrations that have over the years inhibited the growth of those assets." and added that the agreement "would open up the company to contribute to cash calls and further progress the growth of the partnership."  Eni, via its Nigerian subsidiary, NAOC, is the operator and holds 20% interest in the OML 60, 61, 62, 63, partners are NPDC (60%) and Oando (20%).
Nigeria, not found