The Nigerian Agip Oil Company (NAOC) operates in the land and swamp areas of the Niger Delta. It operates under a joint venture agreement, popularly referred to as the NAOC JV.
The NAOC JV includes the Nigerian Government, represented by the Nigerian National Petroleum Company (NNPC), with 60% interest. The other JV partners are NAOC (20%), and Oando (20%). NAOC is the operator of four onshore mining leases for the JV (OML 60, OML 61, OML 62 and OML 63), and two onshore exploratory leases (OPL 282 and OPL 135). In addition, NAOC holds a 5% participating interest in another JV, namely the Shell Production Development Company Joint Venture (SPDC JV). The other partners in this JV are Shell Petroleum Development Company (30%), NNPC (55%,) and Total E&P Nigeria (10%). SPDC is the operator of this JV.