Operating Limited News Today

San Leons economic interest in OML 18 is not impacted by a possible change of operatorship of OML 18

There can be no removal of an operator without following the laid down procedures, Eroton said.

Eroton Exploration and Production Company Limited has assured that, it remains the Operator of OML-18 in line with the provisions of the Joint Operating

The management of Eroton Exploration and Production Company Limited says it remains the operator of the oil mining lease (OML) 18...

The management of the company, therefore, stated that actions of the other JV partners (NNPC and Sahara) remain illegal and run contrary to the rule of law and in total breach of the terms and conditions stipulated in JOA.

San Leon notes the press release published in Nigeria by Eroton Exploration & Production Company on 13 March 2023 about its ongoing operation of OML 18. This press release is in response to press speculation in Nigeria last week. San Leons economic interest in OML 18 is not impacted by a possible change of operatorship of OML 18.

It said in 2014, Eroton acquired the 45 per cent interest previously owned by Shell (30 per cent), Total (10 per cent), and NAOC (5 per cent)...

The Nigerian National Petroleum Company Ltd (NNPCL) and its partners have appointed NNPC Eighteen Operating Limited as operator of OML 18 to replace EROTON

The Nigerian National Petroleum Company (NNPC) Limited says it has replaced Eroton Exploration and Production Limited as the new operator...