Amid concerns over Nigeria’s dwindling oil revenue, the Federal Government has revealed plans to reclaim idle oil wells from operators and potentially revoke licences from individuals and companies that have failed to commence oil exploration activities. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this disclosure at an event hosted by The … Continue reading FG To Revoke Unused Oil Well Licences Amidst $30 Billion Loss