Oil block row: NNPC cautions Shell against another lawsuit
Written by crest887fm on August 21, 2021
The Nigerian National Petroleum Corporation, on Friday, cautioned against any further legal challenge by Shell Petroleum Development Company over Oil Mining Lease 11, saying it is about time Nigeria derived the benefit of the oil block after over three decades.
The NNPC announced that its subsidiary, Nigerian Petroleum Development Company, had resumed operations on OML 11 after a court judgement in its favour.
It said in a statement by its spokesperson, Garba-Deen Muhammad, that a recent Appeal Court judgement affirmed the oil firm’s operatorship of the OML 11.
The statement said, “The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019 ruling of the Federal High Court, Abuja which held that the Shell Petroleum Development Company was entitled to the renewal of the Lease on OML 11.
NNPC’s Group Managing Director, Mele Kyari, said the ruling had paved the way for the NPDC to lead a formidable OML 11 team towards bolstering productivity in a responsible, efficient, environmentally friendly and sustainable manner.