/ 19 December 2000

AGIP, NNPC AGREE ON OILFIELDS

STATE-run Nigerian National Petroleum Corp said this week it had signed an agreement with Italy’s Agip to jointly develop two new oilfields in an offshore Nigerian block. Agip will partner NNPC in developing the Okono and Okpoho fields in block OPL 91. Past estimates of OPL 91’s potential have been put at about 20 000 barrels per day. The block lies adjacent to a patch of ExxonMobil concessions and close to Royal Dutch/Shell blocks where big new fields are being developed. – Reuters