FG withdraws 6 oil licences to recover legacy debts
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FG withdraws 6 oil licences to recover legacy debts

The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licences (OML) and one Oil Prospecting Licence (OPL) belonging to not less than five firms.

In a publication released on Thursday, June 5, the DPR said that the revocation was influenced by a presidential order to recover legacy debts owed by the firms operating the licences, The Cable reports.

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

Meanwhile, Legit.ng reported that the Senate has ordered the DPR to submit a comprehensive list of workers recently employed by the agency.

The chairman of the Senate committee on petroleum upstream, Senator Tayo Alasoadura, made this known when the agency appeared before it for budget defence.

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Legit.ng gathered that the committee asked the agency to provide names of those recruited, their states of origin and other details, to enable it determine if the process met federal character requirements or not.

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Source: Legit.ng

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