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NNPC Ltd. and partners sign agreement to advance $21 billion Bonga deepwater project.

Aug 25, 2026about 3 hours ago

Contract Type

agreement

EnergyOil And Gas

Description

NNPC Ltd. has executed Addenda to the OML 118 Production Sharing Contract and the Dispute Settlement Agreement to support the Bonga Southwest/Aparo project. This agreement marks a significant step towards the Final Investment Decision and is projected to attract up to $21 billion in investments.

Company Information

Company

Nigerian National Petroleum Company Limited (NNPC Ltd.)

About

NNPC Ltd. is a leading oil and gas company in Nigeria, responsible for the exploration, production, and distribution of petroleum products. The company plays a vital role in the country's economy and aims to enhance the energy sector. NNPC Ltd. is committed to sustainable practices and improving its service delivery.

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Agreement Insights

Based on industry data
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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