Abuja - Majority of the international oil companies operating in the country are operating their onshore fields with expired licences.
Their 20-year oil leases have expired since 2008, reports New Telegraph.
The non- renewal of the licences by the federal government six years after they have expired is already creating concern in the oil industry and has continued to put a damper on new investment in onshore and shallow-water assets by the majors.
Read more at New Telegraph.
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