Ogbele marginal field, located in oil mining lease (OML) 54, in Rivers State, is Nigeria’s first marginal fields to produce oil and gas in 2005. It is also the first Nigerian oilfield to have a functional modular refinery, though refining…
Chibisi Ohakah, Abuja
A consortium of international and local financiers has advanced a $350 million financing package to Green Energy International Limited (GEIL), for the development of the second phase of the Otakikpo Marginal Field…
By Kenechukwu Obiajuru, Yenagoa
The Federal High Court sitting in Yenagoa on Monday declined an application to halt the renewal of Oil Mining Lease (OML) 29 pending the determination of an pending suit by Nembe communities in Bayelsa.
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Seplat has reported it paid a total of six hundred and eighty six million, five hundred and forty thousand and eight hundred and ten American dollars ($686,540,810) to the Nigerian government in 2015.
The company said it paid $573,690,618…
