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The Federal Government, through the Ministry of Petroleum Resources, will canvas for investment into the oil and gas sector at the 2021 Annual Sub-Sahara Africa Oil and Gas Conference in Houston, Texas, USA. The Minister of State for Petroleum Resources, Timipre Sylva, who had said a road map document that would drive investment in the sector would be unveiled in the next six months is expected to speak to investors at the conference. A document made available to journalists showed that Sylva would among other issues intimate investors on the need to leverage the National Gas Expansion Programme (NGEP) alongside his Technical Adviser, Gas Business & Policy Implementation, Justice Derefaka, who would focus on “Nigeria’s Pathway to Gas Economy through Nigerian Gas Flaring Commercialisation Programme (NGFCP). ....
Peter Uzoho Some marginal fieldsâ 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. ....