Nigerian Senate summons NNPC, Shell heads

ABUJA, October 18, 2017 – The Nigerian Senate has summoned the heads of the Nigerian National Petroleum Corporation (NNPC) and Shell’s local arm about the revocation and re-award of OML 13.

The Senate’s ethics committee is probing whether the licence was withdrawn and re-awarded without the proper procedure. The chief of the committee, Senator Samuel Anyanwu, described the revocation of the concession from Shell Petroleum Development Company in Q1 2016 and its subsequent transfer to the Nigerian Petroleum Development Company as an “executive fiat.”

“We have therefore summoned the group managing director of NNPC and the managing director of Shell to appear before this committee and explain the circumstances behind the revocation and re-award of OML 13 without due process,” Senator Anyanwu said, adding that the award did not go through the usual open tender or advertisement.

Nigerian Petroleum Development Company announced last month that it expected first oil from the block by Q4 2017.

Read our latest insights on: