OML
DPR revokes Addax Petroleum oil mining licences
File Photo The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive Officer, DPR, Mr. Sarki Auwalu, who disclosed this, said it was discovered that over 50 per cent of the assets had remained underdeveloped, which he said was resulting to loss of revenue to the federal government. According to him, “Addax refused to develop the assets and Addax were therefore not operating the assets.” The DPR boss pointed out that going by the country’s Petroleum Act, “the first reason for a revocation is when you discover that...
Group tasks multinational oil companies on social responsibility
Oil/Gas Multinational Companies operating in Eastern Obolo local government area of Akwa-Ibom state have been urged to stand up to their Corporate Social Responsibility to host communities. Mr Iroigak Ikaan, a former Commissioner for Lands and Housing in the state, made the call during a stakeholders meeting organised by Utono Obolo in Uyo the state capital. Utono Obolo is a non-political pressure group with membership drawn from Andoni and Eastern Obolo local government areas of Rivers and Akwa Ibom states. Rivers chapter of the group on Sunday were in Uyo in solidarity with her Akwa-Ibom counterpart. Ikaan said that Eastern Obolo currently has 10 oil blocks within its territory namely; OML 13, 69,70, 99, 100, 102, 103, 112, 130, and 138. He said that the oil blocks were located within 10...
NIMASA dispatches team to investigate Ondo offshore fire
Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding a recent fire incident at a wellhead offshore in Ondo State. The NIMASA Director-General, Dr Bashir Jamoh, disclosed this in a statement signed by Mr Philip Kyanet, NIMASA Head of Corporate Communications on Thursday in Lagos. Jamoh pointed out that the incident involved a barge belonging to Michharry and Company Nigeria Limited, an offshore and onshore facilities provider for the oil and gas industry. He noted that the officers from the Maritime Safety and Seafarers Standard Department (MSSSD) and Marine Environment Management (MEM) Department of the Agency would conduct both on-the-spot assessment and detailed analysis of the incident. “As the national agenc...
