DPR could add 10 more marginal oil fields to 2020 bid round
The Department of Petroleum Resources, DPR could add 10 more marginal oil fields to the 57 already on the list for the 2020 bid round, SweetcrudeReports findings have shown.
This follows a Federal High Court rejection of an application to stop the Federal Government from auctioning 10 marginal oil fields whose licenses have been revoked.
Justice Chukwujekwu Aneke of the Federal High Court ruled on the matter.
Recently, DPR Director, Sarki Auwalu had recently said the 10 oil fields under litigation would not be auctioned alongside the 57.
The High Court ruling makes it more likely that the number of fields to be auctioned could grow to 67.
The affected operators are Associated Oil & Gas Limited, Dansaki Petroleum Limited; Bayelsa Oil Limited; Bicta Energy and Management Systems Limited: Del-Sigma Petroleum Nigeria Limited; Sogenal Energy Limited; Independent Energy Limited; Sahara Energy; African Oil & Gas Limited and Goland Petroleum Limited.
Delivering ruling on the application, the court held that the operators of the affected Marginal Oil Fields failed to convince the court on why the order ought to be granted.
In dismissing the application, Justice Chukwujekwu Aneke held: “the court having considered the papers filed and exchanged by the parties, refuse to grant the application on the ground that it lacked merit, I hereby dismiss same.”
The Judge further held that the applicants failed to convince the court that an order of interlocutory injunction ought to be granted in the case.
Consequently, he adjourned the matter till October 29, 2020, for hearing of the substantive suit.
Justice Aneke had on May 29, refused to grant an ex parte application seeking to restrain the defendants from withdrawing licenses of the operators instead, and directed the applicants to put the defendants on notice. However, rather than complying with the court’s order, the applicants allegedly decided to serve the processes through email without recourse to the court’s order.
On June 3, 2020 when the application for interlocutory injunction came up for hearing, the defendants were absent thereby forcing the court to grant the application as prayed.
Upon becoming aware of this development, the defendants through their legal team, Mr. Adetunji Oyeyipo SAN, Dr. Adewale Olawoyin SAN and Adebayo Ologe, approached the court for a reversal of the order of injunction, on the ground of non- service of court’s processes.
Based on the defendants’ argument, the court set aside its earlier orders made on June 3 which restrained the defendants and consequently directed that the application for interlocutory injunction be heard afresh after service of relevant court processes on the defendants.
SOURCE: sweetcruderepoets.com
