Bayelsa Oil Company Limited (BOCL), has faulted some media reports that the Federal Government has awarded its Oil Mining Lease (OML) 46, also known as Atala Oilfield, to new investors.
BOCL and its Joint Venture Partners, notably, Hardy Oil Nigeria Limited and Century Exploration Company Limited, in a statement signed by Bello Akpoku, said the reports were not true.
The statement said the report contained in a national newspaper publication of June 29, 2021 with the caption “FG Approves Award of Bayelsa Oilfied to New Owners”, was incorrect and did not represent the true position of things.
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In the report, the newspaper had stated that the Federal Government approved the take-over of the oilfield by its new owners, Halkin Exploration and Production Limited.
The report went on to state that the Department of Petroleum Resources (DPR) announced the revocation of 11 of the 13 marginal field licenses issued to some indigenous oil firms because most of the fields, including Atala, remained inactive.
But the BOCL maintained that the said publication was false and intended to mislead the public, stressing that there is no iota of truth in it.
Part of the statement read: “The Management of Bayelsa Oil Company Limited (BOCL), on behalf of itself and the JV Partners of Atala Marginal Field in OML46, wishes to bring to the notice of the general public and the Ijaw nation in particular, that the information in the publication was patently false, misleading and laced with criminal intent by the sponsors of the publication.
It further explained that: “the referenced publication was based on a letter written by the Department of Petroleum Resources (DPR) on the 28th of February, 2021, with reference number DPR/1160/A/Vol.11/144 to the Minister of State, Petroleum Resources, Chief Timipre Sylva, seeking the Minister’s approval for DPR to assign the Atala Marginal Field (in OML46) to Halkin Exploration and Production Limited”.