NNPC renegotiates deep offshore rig rate, gets 72% discount

*Says unit technical cost for oil has dropped to $27/b from $70/b 25 February 2017, Abuja — The Nigerian National Petroleum Corporation (NNPC) yesterday said it has renegotiated its deep offshore rig rate from a staggering $580,000 to $164,000 per day, translating to a cost savings of 71.7 percent. It also stated that it achieved […] More »