PAN OCEAN, 5 OTHERS AFFECTED BY FGS REVOCATION OF OIL LICENSES

PAN OCEAN, 5 OTHERS AFFECTED BY FGS REVOCATION OF OIL LICENSES
June 13, 2019 Advocaat Law Practice

The Department of Petroleum Resources (DPR) has revoked five Oil Mining Leases (OML) and one Oil Prospecting Licence (OPL) belonging to five companies based on the presidential directive to recover legacy debts. 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).