Nigeria’s state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves.
The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable reserves of 211 million barrels.
It said a joint venture with Shell Petroleum Development Company would lead to the development of a project comprising of 156 development activities across 12 oil mining licences in the Niger Delta production hub, reports Reuters.
