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Ogoniland : FG Transfers Operatorship Of Shell Assets To NNPC, NPDC

Ogoniland : FG Transfers Operatorship Of Shell Assets To NNPC, NPDC

The Federal Government has revoked the operating licence granted Shell Petroleum Development Company, SPDC, for Oil Mining Lease 11, in Ogoni land and transferred the operatorship of the assets to the Nigerian National Petroleum Corporation, NNPC and its upstream subsidiary, the Nigerian Petroleum Development Company, NPDC

In a letter dated, March 1, 2019, with Reference Number: SH/COS/A/8540, signed by Chief of Staff to President Muhammadu Buhari, Mr. Abba Kyari, the Presidency directed the NNPC and its upstream subsidiary, the Nigerian Petroleum Development Company NPDC to take over the operatorship of the entire asset.

…..Details Later.

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