• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Shell loses OML 11 license to NNPC

Adaobi Nnadiukwu by Adaobi Nnadiukwu
March 14, 2019
in Business News, Company News
Oil Mining Lease 11, OML 11, Nigerian National Petroleum Corporation, Shell Petroleum Development Company, SPDC, NNPC
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government, yesterday, ordered the immediate revocation of the operating licence previously given to Shell Petroleum Development Company over Oil Mining Lease 11.

In line with the revocation, the Nigerian National Petroleum Commission (NNPC) was directed to take over the operation of the oil facility.

The information is contained in a March 1st letter that was signed off by the President’s Chief of State and addressed to the Group Managing Director of the NNPC.

MoreStories

Insecurity: N10 billion demanded through Kidnapping ransoms in H1 2021 - SBM

Borno insurgent attacks kill 25 civilians, 11 security personnel 

January 31, 2026
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 

Sanwo-Olu says Lagos state failed to achieve 10,000 CCTV installation plans

January 30, 2026

Why was Shell’s license revoked?

The action was reportedly taken out of respect for the inhabitants of Ogoniland, who have not have the most cordial relationship with Shell. Ogoniland is where the OML 11 is located. And over the years,  the Movement for the Survival of Ogoni People (MOSOP), have been fighting against the degradation of their environment by Shell’s operation.

Just last month, MOSOP said that Shell’s conduct while it was operating in Ogoniland, was tantamount to a national shame and crime against humanity. According to a factional President of MOSOP, Mr. Fegalo Nsuke, if Nigeria were a country where citizens’ health and welfare were taken seriously, Shell’s operating license for OML 11 would have been revoked a long time ago.

Meanwhile, the revocation is in line with the Joint Operating Agreement

Information gathered that the revocation of the operating licence of Shell by the president was in line with the Joint Operating Agreement (JOA) signed by the joint venture partners.

The partners involved in the joint venture are the NNPC with the ownership of 55% shares in the OML 11, Shell, Total and Agip, with the ownership of 30%, 15% and 5% respectively.

The conflict dates back to 1993

SPDC had abandoned activities in the Ogoni section of the lease for about 26 years following the crisis that erupted following the killing of prominent Ogoni leaders including Ken Saro-Wiwa.

Although in 2015 SPDC agreed to pay a settlement of $15.5 Million (N3 billion), just to resolve the case.

About the OML 11

OML 11 lies in the southeastern Niger Delta and contains 33 oil and gas fields of which eight are producing as per 2017. In terms of production it is one of the most important blocks in Nigeria. The terrain is swamp to the south with numerous rivers and creeks.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Oil Mining Lease 11OML 11Revocation of Shell's license for OML 11Shell Petroleum Development Company (SPDC)
Adaobi Nnadiukwu

Adaobi Nnadiukwu

Next Post
NYSE, Jumia public listing, MTN IPO, Jumia shares, ADSs

Jumia plans unusual IPO on New York Stock Exchange

Comments 1

  1. Olumide Ibikunle says:
    March 15, 2019 at 8:51 am

    Is this really what happened?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
NLNG

access bank
nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics