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Company Profile

Nigerian Agip oil Company
Nigerian Agip Oil Company (NAOC) operates in the land and swamp areas of the Niger Delta, under a joint venture agreement with NNPC (60%), NAOC (20%), and Oando (20%), with concessions lying within Bayelsa, Delta, Imo and Rivers States.
The concession covers a total area of 5,313sq.km comprising four blocks - OML 60, 61, 62 & 63.
NAOC is also the operator of two onshore exploration leases, namely OPL 282 (90% interest) in the Swamp and OPL 135 (48% interest) in the Land area.
NAOC also holds 5% participating interest in SPDC JV with NNPC (55%), The Shell Petroleum Development Company (SPDC) (30%), and Total E&P Nigeria (TEPNG) (10%), with SPDC as operator of the joint venture.


Agip Energy and Natural Resources

Agip Energy and Natural Resources (AENR) is executing the Service Contract with NNPC in OML 116 located in shallow waters (65 meters) offshore Niger Delta. In 1981, AENR discovered Agbara field, located about 45 kilometers offshore Nigeria. 
AENR signed another Service Contract with NPDC (an NNPC subsidiary) in December 2000 to finance and jointly conduct the operations in the Okono/Okpoho fields development project in the OML 119 (former OPL 91). Highlights of the contract, designed to re-position NNPC as a strong national and international organization, include novel provisions for 100% financing and joint management through the Project Management Committee, defined timeline for change of operatorship and transfer of know how.


Nigerian Agip Exploration
 
Nigerian Agip Exploration (NAE) was incorporated in 1996 by eni to manage Nigerian deep offshore exploration and production assets.

NAE as at 2013 has interests in six offshore blocks in Nigeria, both as Operator (OML 125, OML 134, OPL 2009 and OPL 245) and Co-Venturer partner (OML 118 and OML 135).


Last updated on 16/10/15