As part of efforts to surmount cash-call challenges and put the upstream sector on a path of sustainable growth, the Nigerian National Petroleum Corporation (NNPC) is set to introduce the Incorporated Joint Venture (IJV) model to replace all the Joint Venture exploration and production projects. This was disclosed by the Group Managing Director of the NNPC, Dr. Maikanti Baru, during the panel session at the Nigeria Oil and Gas (NOG) Conference in Abuja. A press release by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated…
Read MoreNNPC targets incorporated joint venture model for growth
