Nigeria’s President, Muhammadu Buhari has issued a directive asking the Nigerian National Petroleum Corporation (NNPC) to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum Development Company. The order is expected to come into effect not later than the end of April.

Shell had not produced a single drop of crude oil from Ogoniland for about five years, which means that partners were not earning revenue. The block is being managed by four partners, including Shell and the NNPC. The rationale is that, since one of them is slacking, another can pick things up.

Read full article here: https://qwenu.com/2019/03/14/oml-11-after-five-years-of-inefficiency-shell-loses-oil-blocks-operating-license-to-nnpc/