Eroton Remains OML 18 operator, MD Declared.

0 138

Eroton Exploration and Production Company Limited, on Wednesday, insisted that it remained the operator of OML-18 in line with the provisions of the Joint Operating Agreement.

It was recently reported that the non-operating joint venture partners of Oil Mining Lease 18 had appointed NNPC Eighteen Operating Limited as operator of OML 18 to replace Eroton Exploration and Production Limited.

He argued that if the action taken by NNPC and Sahara was allowed to persist, it posed a threat on all the JOA’s in Nigeria involving both multinational and indigenous oil and gas companies, because due process with regard to dispute resolution had not been followed.

According to him, there would be no removal of an operator without following the laid down procedures and processes in Article 2.4 of the JOA.”It has been varied many times.

Punch

Leave A Reply