Operators of marginal fields have lamented that the revocation of eleven marginal oil field licences by the Department of Petroleum Resources, DPR may have imperiled investments valued in excess of $470 million. The operators, in a letter to President Muhammadu Buhari, also said the action has exposed them to litigation both at home and abroad.
The operators explained that they were neither contacted by the DPR nor afforded an opportunity to make any representation before letters revoking their licenses were issued on the 6th of April 2020.
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