Petrofac Makes Nigerian Collaboration Agreement

International oil services firm Petrofac reported Tuesday that it, together with partner Taleveras Energy Resources, has signed a five-year memorandum of understanding (MOU) with the Nigerian Petroleum Development Company (NPDC).

Petrofac said the MOU allows the parties to explore various options to support NPDC's aims to further build indigenous capacity and technical capabilities of NPDC and its affiliates. The agreement has been reached as part of the ongoing promotion of the Nigerian Oil and Gas Industry Content Development legislation.

Petrofac added that, as a result of this collaboration, it and Taleveras have agreed with NPDC to provide financial and technical support as well as capacity for the further development of NPDC's OML119 offshore block.

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