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The takeover comes three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137, operated by Addax Petroleum Ltd.
The Nigerian National Petroleum Company Ltd (NNPC) said it has taken over the operation of Production Sharing Contract (PSC) for four oil wells from Addax
Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137,