Tag: Auwalu Sarki

More IOCs may lose oil blocks, Nigeria talks tough on OMLs revocation

Efe Wellington

  Here is why DPR tagged some oil firms “economic saboteurs,” revoked Addax Petroleum Nigeria oil blocks   More oil producers in Nigeria may lose mining leases as the government talked tough on activities of some of them it tagged as “economic saboteurs.” The government has also given reasons it revoked six Oil Mining Leases (OML) initially given to International Oil Companies (IOCs) including Addax Petroleum Nigeria Limited. Oil industry regulator, Department of Petroleum Resources (DPR), which declared this, added that the oil block leases were revoked due to the…

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Why 600 firms jostled for Nigeria’s 57 marginal oilfields – DPR

Efe Wellington

More companies owned or managed by women joined the race in an unprecedented gender-balance participation in Nigeria’s bid round history.   The Director of the Department of Petroleum Resources (DPR), Auwalu Sarki, has said that investors’ belief in tranparent process put in place by his agency for the 57 oilfields’ bid round was partly responsible for the spike in number of firms who have joined the race for the oil acreages. Over 600 companies have, as at the last count, applied to be prequalified for the ongoing bid rounds in  Nigeria’s 57 Marginal Fields, the first in…

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