Transfer of OML 11 to NPDC: Ogoni vows to resist resumption of crude, gas production

Transfer of OML 11 to NPDC: Ogoni vows to resist resumption of crude, gas production

• Vested Interests Behind Transfer Of OML 11 To NPDC • Change In Ownership Illegal, Lack Due Process, Transparency- Stakeholders• Niger Delta Weighing Options On Development- Loyibo • Move Threatens Investors’ Confidence – Olawuyi• Presidency Mum, NNPC Denies Receiving Directive • Transfer On Track, Says Ex-NAPE President The presidential directive to the Nigerian Petroleum Development


• Vested Interests Behind Transfer Of OML 11 To NPDC • Change In Ownership Illegal, Lack Due Process, Transparency- Stakeholders
• Niger Delta Weighing Options On Development- Loyibo • Move Threatens Investors’ Confidence – Olawuyi
• Presidency Mum, NNPC Denies Receiving Directive • Transfer On Track, Says Ex-NAPE President

The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people.Professionals are also worried that the planned takeover from SPDC not later than April 30, 2019, blatantly undermines due process as stipulated by extant regulations, disregards the Ministry of Petroleum Resources, the board of Nigeria National Petroleum Corporation (NNPC), as well as other parties involved.

Consequently, the Ogoni people are warning that any attempt to resume crude oil and gas production using the takeover as a smokescreen, without addressing fundamental issues that led to the Ogoni struggle would be stoutly resisted. Other critical stakeholders, who equally see the development as an illegality that must be challenged in the law court say they smell a rat for such an order to be generated from the Office of the Chief of Staff to the President, as against the Ministry of Petroleum that has the statutory authority.

According to them, by overriding the board of the NNPC chaired by the Minister of State for Petroleum Resources, Ibe Kachikwu, they have validated the power play, which has reportedly prevents him from taking key decisions, consequently limiting the growth of the sector.

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