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.
