oil mining lease

The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in four oil wells to the Nigerian Petroleum Development Company (NPDC), its upstream arm. The four oil blocks divested to NPDC are Oil...

Green Energy International Limited (GEIL), operator of the Otakikpo Marginal Field, in oil mining lease (OML) 11, Rivers State, said it has secured a $350million financing package for the second phase development of the field. GEIL said … Read more via The Guardian Nigeria News – Nigeria and...

The force majuere on 100,000 barrels per day Ofon field in Oil Mining Lease (OML) 102 has exceeded one month. French oil super major, Total, which is the operator of the field, has said that production at the Ofon oilfield, which feeds into exports of Nigeria’s … Read more via Newtelegraph...

Waltersmith Petroman Oil Limited, operator of Ibigwe field located in Oil Mining Lease (OML) 16, has indicated it is already working on the development of an additional 25,000 barrel a day (bd) modular refinery few months after it commenced work on a 5,000bd modular refinery. … Read more via...

The Ogoni Youth Federation (OYF) has called on the federal government not to renew the lease for Oil Mining Lease (OML) 11 for Shell Petroleum Development Company (SPDC) in Ogoniland, which will expire in June 2019. The youths are alleging that the multinational oil giant had already sent …...

Aiteo Group has denied report that the recent appointment of Bruce Burrows as its Chief Financial Officer was aimed at finding a buyer for part of the company’s Oil Mining Lease (OML) 29, saying that it has no plan to sell part of its plum assets. The company has also described the peddlers of...