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Posts on ‘September 20th, 2019’

OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

The Punch:

OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

Sept 17, 2019

The Nigerian National Petroleum Corporation with its joint venture partners, Shell Production Development Company and Belema OIL, have resolved the dispute on the operation of Oil Mining Lease (OML) 25.

The feuding group at the signing of the dispute closure agreement in Abuja, on Tuesday agreed that operations at the oil well would take off in the next 10 days.

The Minister of State for Petroleum Resources, Chief Timipre Silva, while signing the agreement, thanked all the parties stressing that the step signified the beginning of a new chapter in the industry. read more

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