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Indigenous firm strikes oil at oil block divested by Chevron


By Nathan Nwakamma
Yenagoa, Dec 25, 2020 A Nigerian firm First Exploration and Production (First E&P), has struck oil from an oilfield it acquired following the divestment of Chevron Nigeria Limited (CNL) from the asset located off Bayelsa coastline.
Chevron had in 2015 divested from OMLs 83 and 85 while the asset was acquired by First E&P, an indigenous firm who now operate the oilfields in a Joint Venture agreement with the Nigerian Petroleum Corporation.
Naija247news reports that following the development, First E&P has subsequently applied to the Minister of Petroleum Resources for an Oil Pipeline Licence to be constructed within the oil block, Oil Mining Lease (OML) 85. ....

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