- Nigeria's state oil company warns investors interested in three shallow water oil blocks offered for sale by Chevron (CVX) that buyers may lose the right to operate them.
- Nigeria National Petroleum publishes a notice in local newspapers reminding that, although CVX operates the blocks, the state oil firm has the right to take over operatorship as majority shareholder; CVX owns 40% of the blocks and NNPC 60%.
- CVX's share of a total of five blocks it is selling amounts to reserves of 200M-250M barrels of crude and condensate.
Nigeria warns Chevron oil block buyers may lose operating rights
Sep 5 2013, 08:58 ET