Revocation: DPR Inaugurates Committee For Formal Handover Of Addax Assets

The Department of Petroleum Resources (DPR) says it has inaugurated a team of experts to evaluate the revoked assets of Addax Petroleum Exploration Nigeria Ltd.

Its Director, Mr Sarki Auwalu, said in a statement issued by Mr Paul Osu, Head, Public Affairs, on Thursday in Lagos.

DPR had recently revoked the four assets of Addax Petroleum Exploration Nigeria Ltd., namely OMLs 123, 124, 126 and 137 due to the non-development of the assets by the company.

Auwalu said that it was in preparation for the formal handing over to the new operators- Kaztech/Slavic Consortium.