Senate investigates alleged wrongful re-allocation of oilfields | The Guardian Nigeria News - Nigeria and World News

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Senate has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to show proof of Presidential directive for revocation and reallocation of the Atala Marginal Oil field (OML 46), owned by Bayelsa State government, to Halkin Exploration and Production Company Limited (Halkin E&P).

The directive followed Senate’s investigation into the reallocation.

Governor Douye Diri of Bayelsa State, in the heat of the protest, resolved to seek legal redress to overturn the revocation, especially considering the resources already committed to the oil field by Bayelsa, as owner of 51 per cent equity. Efforts by the Executive Commissioner, Economic Relation and Strategies, Dr. Kelechi Ofoegbu, to rationalise the decision, proved abortive, as members of the committee requested evidence of written directive by Mr. President.

“Since DPR was inherited by NUPRC, the new agency must furnish this committee with written directive from President Buhari, upon which award of the Atala oilfield was made to Halkin E&P and not previous operators, as clearly stated in the Presidential directive quashing the revocation.

 

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