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Shell comments on decision to indict the company over OPL 245 settlement - Business & Human Rights Resource Centre


Shell comments on decision to indict the company over OPL 245 settlement
Royal Dutch Shell plc today made the following statement in response to the decision by the Judge of the Preliminary Hearing of the Tribunal of Milan in Italy to remand the company for trial for alleged offences related to Oil Prospecting Licence (OPL) 245 in Nigeria:
“We are disappointed by the outcome of the preliminary hearing and the decision to indict Shell and its former employees.  We believe the trial judges will conclude that there is no case against Shell or its former employees.
“Shell attaches the greatest importance to business integrity. It’s one of our core values and is a central tenet of the Business Principles that govern the way we do business. Shell has clear rules on anti-bribery and corruption and these are included in our Code of Conduct for all staff. There is no place for bribery or corruption in our company.” ....

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NNPC, Total, Others Eye $760m Revenue from OML 130 Gas Supply Deal


Emmanuel Addeh in Abuja and Peter Uzoho
The Nigerian National Petroleum Corporation (NNPC) yesterday stated that, along with its partners, the national oil company was set to earn over $760m from various fresh agreements on gas supply.
The deals on the Oil Mining Lease (OML) 130 included a Production Sharing Agreement (PSA), Production Sharing Contract (PSC), Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA).
The agreements which are part of the corporation’s gas commercialisation programme involve Total Exploration and Production Nigeria (TEPNG), China National Offshore Oil Corporation (CNOOC), South Atlantic Petroleum Nigeria Limited (SAPETRO) and Prime 130 Limited.
The sale structure under which the agreements were executed is designed to provide a clear delineation for the allocation of the gas sale proceeds to all the participating parties, including midstream handling and transportation. ....

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NNPC, Partners To Rake In Over $760m Revenue From OML 130


(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers.
The agreements which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria (TEPNG), China National Offshore Oil Corporation (CNOOC), South Atlantic Petroleum Nigeria Limited (SAPETRO) and Prime 130 Limited.     
The sale structure under which the agreements were executed is designed to provide a clear delineation for the allocation of the gas sale proceeds to all the participating parties, including midstream handling and transportation. ....

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