The Department of Petroleum Resources says it has inaugurated a team of experts to evaluate the revoked assets of Addax Petroleum Exploration Nigeria Limited.
Its Director, Sarki Auwalu, said this in a statement by Paul Osu, Head, Public Affairs, on Thursday in Lagos.
The DPR had recently revoked the four assets of Addax Petroleum Exploration Nigeria Limited, namely: OMLs 123, 124, 126 and 137, due to the non-development of the assets by the company.
Auwalu said it was in preparation for the formal handing over to the new operators, Kaztech/Slavic Consortium.
He said the move was in fulfillment of the Federal Government’s commitment to reactivating all moribund oil and gas support facilities across the country.
The Director said it was also aimed at stimulating the economy and creating job opportunities for Nigerians.
Auwalu urged the committee to evaluate the current status (As-is) of the revoked assets, including liabilities post-revocation, in order to facilitate takeover of the assets by the newly appointed operators.
He advised the committee members to discharge the responsibility entrusted on them by the nation with all sense of patriotism and dedication to national interest.
- Ifeoma Ekeke