HOW NPDC OUTSOURCES OPERATORSHIP OF DIVESTED OIL BLOCKS

More revelations have emerged on how the Nigerian Petroleum Development Company (NPDC) uses other contractors or Operations and Maintenance (O&M) contractors to run the oil blocks where it claims operatorship because it lacks financial, technical and adequate human resources to operate the assets.

The former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke had withdrawn the operatorship of some of the oil blocks divested by Shell and other International Oil Companies (IOCs) from the NPDC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and opted for Joint Operatorship Model (JOM) with the new owners of the assets, following the perceived poor performance of NPDC.

 

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Chevron defies pending Supreme Court case

Chevron Nigeria Limited (CNL) may have ignored a case pending before the Supreme Court, over a controversial oil assets sale initiated in 2013 following the announcement yesterday by Seplat Petroleum Development Company plc that it has concluded the takeover of Oil Mining Leases (OMLs) 53 and 55, two of the three assets, the multinational oil company offered in the bid round.

A raft of suits seeking to stop Chevron Nigeria Limited from signing off these assets to a Seplat-led consortium followed a stalemated bidding session when Chevron failed to announce an outright winner

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