• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

OML 46: Bayela State declares interest in buying oil field within state

William Ukpe by William Ukpe
July 19, 2021
in Business News, Energy, Spotlight
OML 46: Bayela State declares interest in buying oil field within state
Share on FacebookShare on TwitterShare on Linkedin

The Bayelsa State Government has declared interest in acquiring the OML 46 license which was revoked by the  Department of Petroleum Resources (DPR) in the marginal oil field bid.

This was declared by the Bayelsa State Governor, Douye Diri who expressed shock over the unsuccessful bid to reacquire the marginal field as the Bayelsa Oil Company was excluded from the marginal bidding process, according to NAN.

What the Bayelsa State Governor is saying

Speaking at the state’s Executive Council Meeting at the Government House, Yenagoa, the Governor said the marginal oil field remained a prized asset of the state to which it is sentimentally attached and called on the Federal Government to reconsider its decision on the matter.

RelatedStories

AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants

Bayelsa govt begins construction of N46 billion 9-storey secretariat in Yenagoa 

March 2, 2025
Nigeria’s disease burden could reach 21% due to climate change – Report

FG, Bayelsa commission 500-bed hospital, dialysis centre, drone hub to boost healthcare delivery 

February 12, 2025

“There has been this issue of the Bayelsa State-owned Atala Oil Field. We kept a studied silence over the matter because we needed to have all the information that led to the revocation of the licence of our state-owned asset.

READ: Italy court to give verdict on Nigerian oil field corruption case by March 2021

“Part of what I have done in the last one week of my absence was to state the position of the Bayelsa State Government, which I did very clearly to the President of the Federal Republic of Nigeria.

“So our position on Atala Oil Field is that it is a prized asset of Bayelsa State and that revocation should be cancelled.

“Bayelsa State Government might not have the financial capacity or the technical know-how but the government is ready to partner financial and technical experts to ensure that the field goes into full production,” Governor Diri said.

The Governor urged the DPR, the Nigerian National Petroleum Corporation (NNPC) and the Minister of State for Petroleum, Chief Timipre Sylva, to return the oil field to the state.

READ: $1.3 billion Malabu oil field sale was lawful – Former Shell Executive

What you should know

  • Located onshore within the state, Bayelsa State won OML 46 license in a 2013 bidding process,
  • On April 6, 2020, the DPR announced the revocation of 11 of the 13 marginal fields licences it issued to indigenous oil firms to build capacity and promote the participation of Nigerians in the oil sector.
  • Meanwhile, the Senate last week, insisted on a 3% allocation to host communities in the Petroleum Industry Bill (PIB), despite protests by Southern lawmakers at the National Assembly.
  • The members of the upper legislative chamber adopted the report of the conference committee that recommended 3% as against the views of the Southern lawmakers who had demanded 5% for host communities.
Tags: Bayelsa Oil CompanyBayelsa Statedepartment of petroleum resourcesDouye DiriDPROML 46 license
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants
Real Estate and Construction

Bayelsa govt begins construction of N46 billion 9-storey secretariat in Yenagoa 

March 2, 2025
Nigeria’s disease burden could reach 21% due to climate change – Report
Health

FG, Bayelsa commission 500-bed hospital, dialysis centre, drone hub to boost healthcare delivery 

February 12, 2025
AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants
Real Estate and Construction

Bayelsa State Government awards N45 billion contract to build 9-storey secretariat complex 

September 14, 2024
Bayelsa state, Douye Diri, East-West road
Economy

Bayelsa confirms receipt of N10.8 billion from FG’s N570 billion NG Cares Fund 

August 19, 2024
AITEO loans: UK Court rules in favour of Shell, AFC, GTB, Zenith, First Bank others
Energy

Aiteo resumes production of oil after spill at 50,000 bpd oilfield in Bayelsa

June 24, 2024
SHELL
Energy

Shell probes smoke near Gbaran oil facility in Bayelsa

May 14, 2024
Next Post
Nigerian states with the highest debt per population

Nigerian states with the highest debt per population

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NUPRC unveils tech-driven oil export system to track Nigeria’s crude shipments
  • Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  
  • FG launches LUMINAH 2030 to empower over one million girls and women by 2030 

Follow us on social media:

Recent News

Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

NUPRC unveils tech-driven oil export system to track Nigeria’s crude shipments

June 19, 2025
Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  

Nigeria signs MoU with Chinese firm to deploy direct-to-device satellite connectivity  

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 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
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics