Buhari Orders NNPC To Takeover OML 11 from Shell Petroleum

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum Development Company.

President Muhammadu Buhari

The President’s directive said the entire operatorship of OML 11 should be taken over by the NNPC/Nigeria Petroleum Development Company not later than April 30, 2019.
OML 11 lies in the southeastern Niger Delta and contains 33 oil and gas fields of which eight are producing as per 2017.
In terms of production, it is one of the most important blocks in Nigeria.

‘Dolupo Balogun

Written by BoomRadioNG