The House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) have expressed divergent views over Dawes Island marginal field lost by Eurafric for holding the national asset without production and making it unviable for seventeen years.
The Department of Petroleum Resources (DPR) awarded the field to Petralon 54 Limited and its partners during the last bid round, a decision that was countered by Eurafric through a petition to the House Committee on Petition.
A statement explained that DPR had revoked the licences of 11 marginal field operators for non-performance, including Dawes island marginal field located in OPL2006, Okrika, Rivers State.
House Reverses Award of Dawes Oilfield to Petralon, Others
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
PDP Governors Forum seeks public accountability in governance
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.