Showing posts with label Energy; Oil Prospecting Licences; Oil Mining Lease; Department of Petroleum Resources. Show all posts
Showing posts with label Energy; Oil Prospecting Licences; Oil Mining Lease; Department of Petroleum Resources. Show all posts

Tuesday, April 25, 2017

₦720 Billion Revenue Under Threat As 51 Oil Licences Expire

Photo: Karim Sahib / AFP
Owners, DPR decline comments on status of blocks
About 51 Oil Prospecting Licences (OPL) and Oil Mining Lease (OML) of different oil blocks have expired between 2010 and March 2017 and this is therefore threatening about US$2 billion (720 billion) in signature bonuses.