Shell may lose operatorship of one of the most important oil blocks in Nigeria.

Shell workers on site in one of the oil
regions used to illustrate the story

Nigerian government directs NNPC/NPDC to take over the operatorship of entire OML 11 from Shell Petroleum Development Company not later than 30 April 2019.

Reports say Nigerian government will takeover operatorship of entire OML 11 from Shell Petroleum Development Company.

OML 11 partners involved the NNPC with the ownership of 55% shares, Shell (30%), Total (15% )and Agip with 5%.

Shell Nigeria is yet to make comment on the development.

The Nigerian government has asked its state-owned oil firm, Nigerian National Petroleum Corporation (NNPC) to take over Oil Mining Lease 11 operatorship from Shell Petroleum Development Company.

According to a report by THISDAY, the request was contained in a letter dated March 1, 2019, titled, ‘Operatorship of Entire Oil Mining Lease 11," directing NNPC/NPDC to take over the operatorship of entire OML 11 from Shell Petroleum Development Company not later than 30 April 2019.

No official confirmation from the Nigerian government on the matter at this moment.

Sources in the ministry of petroleum resources also told PUNCH that the alleged revocation of the operating licence of Shell was in line with the Joint Operating Agreement (JOA) signed by the joint venture partners.

OML 11 partners involved the NNPC with the ownership of 55% shares, Shell (30%), Total (15% )and Agip with 5%.

By Aderemi Ojekunle.

Full story at Pulse NG.