NNPC, TotalEnergies sign $550m gas production deal

TotalEnergies, operator of Oil Mining Lease 58 onshore licence in Nigeria with a 40 per cent interest, together with the Nigerian National Petroleum Company Limited (60 per cent), on Thursday, signed a $550m Final Investment Decision for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers State,