Monday 17 October 2016

COURT RESTRAINS NPDC, NNPC FROM TERMINATING AGREEMENT WITH ATLANTIC ENERGY

COURT RESTRAINS NPDC, NNPC FROM TERMINATING AGREEMENT WITH ATLANTIC ENERGYA Federal High Court in Abuja has restrained the Nigerian Petroleum Development Company Limited (NPDC) and Nigerian National Petroleum Corporation (NNPC) from taking any step in terminating agreement they have with Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic Energy Brass Development Limited owned by businessman, Jide Omokore, in respect of the Oil Mining Leases (OMLs) 26, 30, 44 and 42 (Forcados assets) and OMLs 60, 61, 62 and 63 Brass assets).
 

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