Petronas Operations in Niger

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Malaysian Petronas operated in Niger between 2003 and 2007, during which time it held a licence to explore the Agadem Block.[1] The company operated in Niger through its subsidiary Petronas Carigali Niger Exploration & Production Ltd. (PCNEPL).[2] It operated the exploration activities on behalf of a consortium in which it held a 50 percent stake, with the remaining 50 percent equity held by ExxonMobil.[3] The group encountered a hydrocarbon show in the Agadem Block in 2005.[2]

Petronas Carigali Niger Exploration & Production Ltd. (PCNEPL) failed to renew their permit for the Agadem Block in 2007 when the concession was awarded to CNPC.[4]

References

  1. "Niger Foreign Policy and Government Guide, Volume 1" USA International Business Publications, 1 January 2011.
  2. 2.0 2.1 "Petronas Strikes Oil in Niger" Petronas, retrieved 17 April 2012.
  3. "Petronas finds oil in Niger" Upstream Online, retrieved 17 April 2012.
  4. "CNPC beats out seven companies for Niger's Agadem Block" Information Handling Services, retrieved 17 April 2012.