This is coming more than 30 years of legal tussle with the Shell Petroleum Development Company (SPDC) NNPC Group Managing Director, Malam Mele Kyari has decribed the development as a huge victory for Nigeria.
The Nigeria National Petroleum Corporation (NNPC) can breath a sigh of relief as crude oil production in the Ogoni region, Niger Delta has resumed.
Daily Trust reports that the development is following an Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11).
Nigerian National Petroleum Corporation (NNPC), has resumed oil exploration activities in Ogoni. This is coming after more than 30 years of legal tussle with the Shell Petroleum Development Company (SPDC) over the entitlement to a renewal of the lease.
Back on August 23, 2019, the Federal High Court, Abuja held that SPDC was entitled to the renewal of the Lease on OML 11, however, NNPC went to an Appeal Court to challenge the ruling.
Garba Deen Muhammad, the group general manager, Group Public Affairs Division of the NNPC, , quoted the group managing director, Malam Mele Kyari, as saying the resumption of operations will demonstrate its full commitment to develop and add value to its communities and the nation.
The Cable also reports that Muhammad in a statement on Friday, August 20, further stated that the NPDC has taken over the assets and operations are in full gear. He cautioned SPDC against taking any further legal action, adding that it was about time Nigeria derived the benefit of the OML11.