
Victoria Esq. Oil And Gas Lawyer
February 19, 2025 at 11:30 AM
On the Ownership Structure of ANOH Gas Processing plant, the plant is operated by the *ANOH Gas Processing Company (AGPC),* a joint venture between:
Seplat Energy Plc – 50% ownership
Nigerian Gas Infrastructure Company (NGIC) – 50% ownership (a subsidiary of the Nigerian National Petroleum Company Limited, NNPCL)
I hope you do know what a Joint Venture is.....I hope to drop a sample here someday.
But quickly, a joint venture agreement (JVA) JVA is a legal contract between two or more parties who agree to collaborate on a specific business project or venture while remaining independent entities.
In the oil and gas industry, a JVA typically governs partnerships between private companies and government bodies (e.g., NNPC Ltd in Nigeria) to explore, develop, and produce oil or gas resources.