By Godson Ikiebey-
The Department of Petroleum Resources (DPR) has revoked five oil mining licences (OML) and one oil prospecting licences (OPL) belonging to five companies.
This was confirmed in a public notice issued by the DPR on Thursday, June 6, 2019.
According to the notice, the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.
The companies affected include: Pan Ocean Oil Corporation (OML 98); Allied Energy Resources Nigeria, (OML 120 and 121); Express Petroleum and Gas Company (OML 108); Cavendish Petroleum Nigeria (OML 110) and Summit Oil International (OPL 206).