The licence of a joint venture partner in Oil Mining Lease 11 has not been revoked as speculated but stakeholders are concerned about the recent presidential directive on the operatorship of the oi...
The licence of a joint venture partner in Oil Mining Lease 11 has not been revoked as speculated but stakeholders are concerned about the recent presidential directive on the operatorship of the oil block, OKECHUKWU NNODIM reports
They stated that two other international oil companies, Total and Agip, were also partners in the oil block. The NPDC is the flagship oil exploration and production subsidiary of the NNPC and the liaison office of the company acknowledged the receipt of the letter on March 5, 2019. “What the directive of the President is all about is operatorship. The letter is very clear that operatorship should be transferred from one party of the JV to another party. I’ve seen a copy of the letter and it did not talk about the licence. There is no mention of withdrawal or revocation of licence in that letter,” an official in one of the firms in the joint venture, who spoke to our correspondent in confidence, said.
OML 11 lies in the southeastern Niger Delta and contains 33 oil and gas fields of which eight are producing as per 2017. In terms of production, it is one of the most important blocks in Nigeria. In their reaction, the Movement for the Survival of the Ogoni People faulted Buhari’s order to the NNPC to take over the operatorship of OML 11 in Ogoniland from SPDC.
“They take a crucial decision without consulting with the Ogoni people, we disapprove of that and strongly kick against that. We have resisted the decision from the outset. We should be part of such a critical decision; we cannot live in a country where everything will be taken away from us and we will be left only to bear the consequences of oil production.”
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