The Federal Government has revoked five oil mining licences (OML) and one oil prospecting licences (OPL) belonging to five companies, Igbere TV reports.

In a statement issued by the Department of Petroleum Resources (DPR) on Thursday, and obtained by Igbere TV, it said the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.

The five companies affected were listed as 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).

http://igberetvnews.com/749909/breaking-fg-revokes-six-oil-licences-see-list/

Which one belongs to Danjuma self.

What about Oando sef?

No wonder every elite is now in opposition

More reason they don’t want him re elected

Same same

Buhari is vindictive, I wont be surprised TY Danjumas oil block will be included in the list for warning Nigerians about his Sharia plans and Fulani expansionist agenda.

myboy2111:
No wonder every elite is now in opposition

exactly

Dem no touch Arthur Eze and Emeka Offor own

This man is just hysterically vindictive

What different will it make, are they not going to be awarded to some other people close to the president? Will it be given to a poor man? Will it have a direct effect on the poor masses out there? Will it give the people of Niger delta the recourse control they have been clamouring for? Will it give speedy acceleration to the deregulation of the oil sector? Will it encourage more refineries to be built? Will it reduce the price of petrol? He has just retrieved the licence to be given to people close to him simple

Karemarealty288:
Which one belongs to Danjuma self.

Lol.
Theophilus Danjuma's oil block on the mind.

They are owned by Southerners
Buhari will give all of them back to northerners
Just watch

Mheen! This is getting serious. Even, the elites are not spared. This is getting interesting.


Last batch of men long sleeve shirt from India on
clearance sales. 1500 per piece. Check link https://
www.nairaland.com/5224414/clearance-sale-last-
batch-men

pan ocean just go like that, them go soon seize that their fine office for ligali

Karemarealty288:
Which one belongs to Danjuma self.

Actually Sapetro is not on here. I know summit belongs to the Abiolas and Cavendish to the Deribes.

SAPETRO is run properly and engaged in massive projects like Akpo and Egina with petrobras, total and cnooc.

It's gone beyond a rent collecting operation. They're literally a small IOC in their own right. Diversified with assets across select basins on the continent.

It'd be tricky to meddle into that. Even for Buhari

Rob Peter to pay Paul.

BleedingPen:

The Federal Government has revoked five oil mining licences (OML) and one oil prospecting licences (OPL) belonging to five companies, Igbere TV reports.

In a statement issued by the Department of Petroleum Resources (DPR) on Thursday, and obtained by Igbere TV, it said the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.

The five companies affected were listed as 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).

http://igberetvnews.com/749909/breaking-fg-revokes-six-oil-licences-see-list/

Summit Oil is MKO Abiola’s oil company...
Interesting timing a few days to June 12 (and I believe they operate OPL 205, not OPL 206).
>

WHat are the reasons for the revocation
.
.
.
For your professional web design service. Check my signature.

Guyman02:
Buhari is vindictive, I wont be surprised TY Danjumas oil block will be included in the list for warning Nigerians about his Sharia plans and Fulani expansionist agenda.

Karemarealty288:
Which one belongs to Danjuma self.

see them, common men who has zero knowledge of the industry. i was an ex auditor and i can tell u what goes on in this industry. u see pan ocean the man Fadeyi owes over 100b to skye bank. pay back he wont but he can spend on Toke makinwa. abeg abeg make una leave buhari outta this. how do u think diamond bank also crashed oil companies too

richard870:
This man is just hysterically vindictive

vindictive to who?

We can see some of the reasons why some of these elites hate this man with a passion, and their last card looks like the Religious and Tribal criticisms and we the masses thinks they do that for us.

Ok

Cavendish owned by Mai Daribe.

No wonder palm oil is now very expenses in the market

Amuocha:
What about Oando sef?

Oando belongs to my friend the Tinubus, if Buhari touch it, I will set Aso Rock on fire and I will tell the military to take over, if you like Buhari warn him not to touch my license, l am Jagaban, and I will continue to eat egunje from the treasury of Nigeria

Oyel Money is going gradually ;DOyel Money is going gradually