Training and services firm Petrofac has signed an agreement designed to help Nigeria develop its oil and gas industry.
The extendable five-year memorandum of understanding will see Petrofac work alongside the Nigerian Petroleum Development Company, a division of the West African nation’s state-owned oil company.
The partnership, which also involves independent African firm Taleveras Energy Resources, will work together to explore options for funding, technical support, training services, asset development and management support, as Nigeria plans to expand the capacity of its home-grown industry.
Petrofac and Taleveras have also agreed to support the development of the OML119 offshore block on a risk-based basis, with reserves and license ownership retained by NPDC.
The field was reckoned to be producing around 35,000 barrels a day earlier this year, but with considerable upside potential following the discovery of two new deep reservoirs.
