Total Upstream Nigeria Ltd operates the block with 24 per cent stake, while Petrobras Oil and Gas BV and SAPETRO hold 16 per cent and 15 per cent stakes respectively. OML 130 with a 24-percent interest, in partnership with NNPC, SAPETRO, CNOOC E&P Nigeria Limited, and Petrobras Oil and Gas BV. But disputes around the recognition of certain cost and discordant interpretation of the fiscal terms of the 1993 Production Sharing Contracts (PSC) limited the oil block. “We are doing this with every other partner in the PSC dispute, we believe that we can close this engagement and conversation with all of you. The HoT will clearly enable us to proceed and have a full settlement, and this will benefit all of us,” Kyari stated.

Source: The Guardian August 08, 2020 14:37 UTC