The NNPC Limited announced the renewal of the OML 130 Production Sharing Contract and conversion of the acreage to a Petroleum Mining Lease in accordance with the Petroleum Industry Act, 2021 provisions on Thursday.
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Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPCL, confirmed this in a statement on Monday.
Ayiba Duba, Bayelsa Commisioner for Information told the News Agency of Nigeria on Monday in Yenagoa that the government is pursuing an amicable resolution of the issues that necessitated the revocation by the oil industry regulators.