The Nigerian National Petroleum Corporation (NNPC) has signed a preliminary agreement with two companies over a dispute about foreign firms exporting Nigerian oil from some offshore fields, which could pave the way to resolving all disputes with international oil majors about oil exports. NNPC signed the agreement with China National Offshore Oil Corporation (CNOOC) and Nigerian South Atlantic Petroleum (SAPETRO), “signifying a major milestone towards the resolution of all disputes related to Oil Mining Lease (OML) 130 Production Sharing Contract,” the Nigerian state oil company said on Twitter. OML 130 consists of producing fields such as Akpo and the giant ultra-deepwater Egina oilfield. France’s Total, via its Nigerian subsidiary, operates OML 130 with a 24-percent interest, in partnership with NNPC, SAPETRO, CNOOC E&P Nigeria Limited, and Petrobras Oil and Gas BV. Nigeria has been in dispute with Big Oil over the production sharing revenues from the fields the international […]