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House, DPR Disagree over Oilfield Revocation, Awards

The House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) have expressed divergent views over Dawes Island marginal field lost by Eurafric for holding the national asset without production and making it unviable for seventeen years. The Department of Petroleum Resources (DPR) awarded the field to Petralon 54 Limited and its partners during the last bid round, a decision that was countered by Eurafric through a petition to the House Committee on Petition. A statement explained that DPR had revoked the licences of 11 marginal field operators for non-performance, including Dawes island marginal field located in OPL2006, Okrika, Rivers State.

Reps, DPR bicker over revocation of Dawes Island marginal oilfield

House Reverses Award of Dawes Oilfield to Petralon, Others

Marginal field operators will grow Nigeria's oil if supported | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News

The Nigerian government introduced the marginal field development programme in 1996 to help grow the country’s oil and gas production by divesting the majors of dormant discoveries and making the same available to indigenous operators who are nimble enough to venture into neglected terrains.     The programme has seen Shell, Total, Agip, Chevron and others surrender fields that are then allocated to marginal field operators in bid rounds. A corollary to the programme is the development of local content in the oil and gas industry, and it is no coincidence that the Nigerian Content Act came into force in 2010, five years after the marginal field initiative was introduced.

Operators Kick against Revocation of 11 Marginal Fields' Licences

Peter Uzoho Some marginal fields’ operators have kicked against the revocation of 11 oil field licences by the Department of Petroleum Resources (DPR) under the guise that the affected fields had been left fallow, stressing that the action of the regulator has jeopardised investments valued in excess of $450 million and exposed them to local litigations and international arbitrations. They appealed to President Muhammadu Buhari to direct the DPR to withdraw all letters of revocation and grant them all pending approvals to enable them to continue with the execution of their field development plans. The affected oil fields and their operators include: Atala operated by Bayelsa Oil/CEPL; Dawes Island operated by Eurafric; Ofa operated by Independent Energy; Ke operated by Del-Sigma/Xenoil; Ororo operated by Guarantee/Owena; and Ekeh operated by Movido.