March deadline: Idle marginal fields operators await DPR pronouncement

Kunle Kalejaye 02 April 2015, Sweetcrude, Lagos – Two weeks after the expiration ‎of the March 15 deadline by the Department of Petroleum Resources, DPR, for the revocation of the license on idle marginal fields, owners of these fields are yet to know their fate.


They are awaiting, with fear, words from the DPR.

SweetcrudeReports gathered that the oil industry regulatory agency might wait a little longer after the general election before taking action on the affected fields.
It was gathered that the agency has already completed the process of license revocation, but would have to wait on the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to give further directives on the matter.
DPR had earlier given March 15, 2015 as the official date to revoke the licenses of idle marginal fields.
When SweetcrudeReports visited DPR head office in Lagos on Tuesday to ascertain the fate of the marginal fields, our reporter was directed to enquire from the Minister of Petroleum Resources, as he was informed that DPR’s director cannot disclose any information on the issue.
As at the time of filing in this report, attempts to reach the Minister of Petroleum Resources proved abortive.
 Sources at the DPR disclosed that DPR might officially post the list of the revoked licenses on its web site before the end of the first week of April.
‎SweetcrudeReports has earlier reported that 21 idle marginal fields might be affected in the license revocation.
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