Bayelsa suspends oil firm’s land acquisition over fatal community dispute
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The Bayelsa government suspended land acquisition by Nembe Exploration and Production Company Ltd. This action follows a dispute in the community that resulted in fatalities. The company was previously known as Aiteo Exploration and Production Company Ltd. It is an indigenous oil firm. The company acquired the OML 29 after Shell divested in 2014.
The affected company, Nembe Exploration and Production Company Ltd, was formerly known as Aiteo Exploration and Production Company Ltd, an indigenous oil firm which acquired the OML 29, following Shell’s divestment in 2014. The post Bayelsa suspends oil firm’s land acquisition over fatal community dispute appeared first on Premium Times Nigeria .