Nigeria’s Department of Petroleum Resources (DPR) has revoked five OMLs and one OPL, according to reports out of the country.
The DPR cited “noncompliance with statutory regulatory obligations” and said it was acting under a “presidential directive on recovery of legacy debts.”
Companies and licenses affected are Pan Ocean Oil Corp., OML 98 in the Niger Delta onshore; Allied Energy Resources Nigeria Ltd., OML 120 in the Niger Delta and OML 121 in the deep offshore; Express Petroleum & Gas Co. Ltd., OML 108 in the Niger Delta continental shelf; Cavendish Petroleum Nigeria Ltd., OML 110 in the Niger Delta continental shelf; and Summit Oil International, OPL 206 in the Anambra Basin.