dormant oil licences
FG Set to Revoke Dormant Oil Licences Under New Policy Framework
The Federal Government has unveiled a strict enforcement of its long-standing ‘drill or drop’ policy, which mandates oil producers to either commence production within a defined period or forfeit their operational licences. This strategic policy shift was confirmed by the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, during a […]