Finally, Chevron Completes Transfer of Three Oil Mining Leases to Seplat Consortium

Chevron Nigeria Limited, operator of the Nigerian National Petroleum Corporation (NNPC)/CNL joint venture on Friday formally completed the transfer of producing assets in three oil mining leases to three indigenous oil companies.

Since November 2013, Chevron had signed a sales and purchase agreement with Seplat Consortium, comprising Seplat, Amni International Petroleum Development Company Limited, and Delta State-owned Belema Oil for the sale of its interests in OMLs 52, 53 and 55.

Hyundai Heavy Industries, Nigerdock Complete Chevron’s $30m Oil Platform in Lagos, Nigeria

The 2,700 ton Sonam Non-Associated Gas Wellhead Platform (Sonam NWP) built by Hyundai Heavy Industries in partnership with Nigerdock in Lagos for the Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) Joint Venture, has been completed.

The Wellhead Platform is ready for load out and sail to Sonam field for installation, according to the companies.

NUPENG asks Federal Government to stop Chevron, Shell on Moves to Sack 18,500 Workers

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday called on the Federal Government to stop Chevron and Shell Petroleum Development Company, SPDC, from extending the planned sack of 18,500 workers globally to Nigeria.

NUPENG in a statement by its President, Mr. Igwe Achese, insisted that the union was worried and concerned about the purported sack threat of about 18,500 workers, though, globally in Chevron and Shell, describing the planned sack as alarming.

It claimed the planned sack was a sack too many, as oil workers in Chevron Nigeria and Shell would be affected, as the two companies had adduced dwindling oil prices in the international market for the planned sack.