President Buhari Orders NNPC To Take Over Oil Wells
President Muhammadu Buhari has mandated the Nigerian National Petroleum Corporation (NNPC) to take over the operatorship of the Oil Mining Lease 11 from Shell Petroleum Development Company (SPDC).
Concise News understands that Buhari issued the order in a letter to addressed to the Group Managing Director of NNPC, dated March 1, 2019.
“Kindly note that the President has directed NNPC/NPDC to take over the operatorship, from Shell Petroleum Development Company, of the entire OML 11 not later than 30 April 2019, and ensure smooth re-entry given the delicate situation in Ogoniland,” the letter read.
It noted that Buhari has “directed NNPC/NPDC to confirm by 2 May 2019, of the assumption of the operatorship.”
OML 11 lies in the southeastern Niger Delta and contains 33 oil and gas fields of which eight are producing as per 2017.
The NPDC is the main oil exploration and production subsidiary of the NNPC and has acknowledged the receipt of the letter on March 5, 2019.
