Federal govt revokes six oil licences, gives reasons
The Department of Petroleum Resources, DPR, has revoked the oil mining licences, OML, granted five companies. DPR also revoked one oil prospecting licences, OPL.
The revocation of oil licences was contained in a public notice issued on Thursday. DPR explained that the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the