Federal Gov’t Rules Out Licence Renewal For Undeveloped Oil Fields

Federal Gov’t Rules Out Licence Renewal For Undeveloped Oil Fields …C0NTINUE READING HERE >>>

The federal government has declared that it would no longer approve the renewal of licenses to oil producers for oil fields that are left undeveloped.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri who announced this, charged oil producers in the country to put their oil fields to work or relinquish them.

Lokpobiri gave the charge while addressing a gathering of the oil producers trade section, a group comprising five oil giants operating in Nigeria, at the…

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