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FG revokes 4 Addax Petroleum’s Operating Mining Leases

THE Federal government has revoked four Oil Mining Leases, OMLs belonging to Addax Petroleum Nigeria Limited citinginability to comply with work programme targets.

The OMLs are, 123, 124, 126 and 137, all operated by Addax Petroleum Development Company Limited, APDCL and Addax Petroleum Exploration Nigeria Limited, APENL.

According to DPR, the revocation and re-awardhavealready been approved by President Muhammadu Buhari, who doubles as the Minister of Petroleum Resources.

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