FG revokes oil mining licence of five companies - Khorgist.com

Breaking

Post Top Ad

Advertise Here

Post Top Ad

Thursday, 6 June 2019

FG revokes oil mining licence of five companies



FG revokes oil mining licence of five companiesThe Department of Petroleum Resources (DPR) has revoked the oil mining licences (OML) and one oil prospecting licence (OPL) belonging to five companies.

A statement released by the agecy today Thursday June 6th, says the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.

According to the statement, the five companies affected are Summit Oil International (OPL 206), Express Petroleum and Gas Company (OML 108), Cavendish Petroleum Nigeria (OML 110), Pan Ocean Oil Corporation (OML 98) and Allied Energy Resources Nigeria, (OML 120 and 121).

No comments:

Read Comment Policy ▼
PLEASE NOTE:
We have Zero Tolerance to Spam. Chessy Comments and Comments with Links will be deleted immediately upon our review.

Post a Comment

Post Top Ad


Do you ever witness news or have a story that should be featured on Khorgist ?
Submit your stories, pictures and videos to us now via WhatsApp: +2348123601750, Social Media @khorgist_com: Email: [email protected] More information here.