Petrofac, together with African independent oil and gas company Taleveras Energy Resources Limited (Taleveras), have signed a five year Memorandum of Understanding ("MOU") for cooperation with the Nigerian Petroleum Development Company Ltd (NPDC), a wholly owned subsidiary of the Nigerian National Petroleum Company (NNPC).

The MOU, which is extendable, allows the parties to explore options including funding, technical support, training services, and asset development/management support on a risk service contract, production enhancement or similar contract basis, to support NPDC's aims to further build indigenous capacity and technical capabilities of NPDC & its affiliates. The MOU has been reached as part of the ongoing promotion of the Nigerian Oil and Gas Industry Content Development legislation.

Tags: Petrofac