The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licenses (OML) and one Oil Prospecting Licence (OPL) belonging to five companies.

In a public notice on Thursday by the regulatory body, the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.>> https://thenationonlineng.net/fg-revokes-license-of-mko-abiolas-oil-summit-5-others-oil-licenses/



The five companies affected 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)>> https://thenationonlineng.net/fg-revokes-license-of-mko-abiolas-oil-summit-5-others-oil-licenses/