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Nigeria's oil regulator revokes four Addax field licences

07 Apr 2021

Photo - see caption

Nigeria’s oil and gas regulator has revoked four licences held by Addax Petroleum, according to a Reuters report.

Department of Petroleum Resources (DPR) director Sarki Auwalu said in a post on the DPR website that Addax was not developing the assets sufficiently and that the four revoked assets, OML 123, OML 124, OML 126 and OML 137, had already been re-awarded to Kaztec Engineering and Salvic Petroleum Resources.

Photo - see caption
Location of the Addax assets (Source: Addax Petroleum)

Click here for DPR announcement: DPR revokes Addax Petroleum Oil Mining Licenses

Click here for full Reuters article

Source: Reuters




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