Connect with us

Business News

Bayelsa Asks FG to Cancel Revocation of Atala Oil Field



By Dipo Olowookere

The federal government has been urged by the Bayelsa State governor to cancel the revocation of the Atala Oil Marginal Field (OML 46) licence.

The Department of Petroleum Resources (DPR) had in April 2020 revoked the licence of the Atala Oil Field but the South-South state wants this decision reversed, arguing that the consider oil asset belongs to the state and should be returned.

Speaking on the matter on Wednesday before the commencement of its weekly state executive council meeting in Government House, Yenagoa, the Governor of Bayelsa State, Mr Douye Diri, emphasised that the marginal oil field remains a prized asset of the state to which it is sentimentally attached and called on the federal government to reconsider its decision on the matter.

Mr Diri, who was commenting on the issue publicly for the first time amid the controversy it had generated in recent times, expressed shock over the revocation.

He, therefore, called on all concerned parties, including the DPR, Nigerian National Petroleum Corporation (NNPC) and the Minister of State for Petroleum, Mr Timipre Sylva, to consider returning the oil field to the state.

“There has been this issue of the Bayelsa State-owned Atala Oil Field. We kept a studied silent over the matter because we needed to have all the information that led to the revocation of the licence on our state-owned asset.

“Bayelsans are emotionally and sentimentally attached to that asset as it is the only oil asset we own even though it is a marginal oil field. It was a surprise and rude shock to us that the licence was revoked,” Mr Diri was quoted as saying in a statement by his Chief Press Secretary, Mr Daniel Alabrah.

“Part of what I have done in the last one week of my absence was to state the position of the Bayelsa State Government, which I did very clearly to the President of the Federal Republic of Nigeria.

“So, our position on Atala Oil Field is that it is a prized asset of Bayelsa State and that revocation should be cancelled. Unequivocally, we have said so and we believe that those in authority would see the reason why we are sentimentally and emotionally attached to the Atala Oil Field.

“Bayelsa State government might not have the financial capacity or the technical know-how. But the government is ready to partner with financial and technical experts to ensure that the field goes into full production.

“Therefore, let me use the opportunity to inform Exco that your government has actually taken a position on the Atala Oil Field and that it should remain property of the Bayelsa State government.

“I call on all who are concerned on the Atala Oil Field, namely DPR, the Petroleum Ministry, NNPC and indeed our own son, the Minister of State for Petroleum Resources, to do all within their powers to ensure that the Atala Oil Field is returned to Bayelsa State,” he added.

The Governor also disclosed that in the past week, he met with foreign missions and high commissions in Abuja in a bid to attract foreign direct investments to the state.

He stressed that the move was aimed at changing the stereotype of the state on insecurity, and expressed optimism that these dialogues would pay off soon for the state.

News11 mins ago

Uzodinma to Imolites: Expose me if I ever steal public funds

Lifestyle15 mins ago

Know the Risks: Understanding Prescription Drugs

News37 mins ago

#BBNaija2021: Checkout impressive interior of the Big Brother house for this year’s edition (Photos)

News41 mins ago

Ortom knocks presidency, backs Bishop Kukah on claims of persecution of Christians in Nigeria

Viral57 mins ago

After 25yrs Service, The Oldest Prostitute In Africa Was Gifted A Parcel Of Land

Lifestyle1 hour ago

3 Natural Sweeteners That Will Make You Drop Sugar Forever

Lifestyle2 hours ago

Remodel for a Greener Home

Lifestyle3 hours ago

What to Know Before Using an Online Pharmacy

Entertainment3 hours ago

BBNaija 2021: Instagram Handles Of All The Male Housemates

News3 hours ago

“I’m a moving train, I’ll crush you” – Peruzzi reacts after being called out for walking out on fans (Video)

Entertainment4 hours ago

BBNaija Season 6: Housemates Hail Emmanuel, After He Shared Story Of Winning Both Mr Ideal Nigeria and Mister Africa International (Video)

News4 hours ago

BBNaija former housemate, Dorathy, reacts after seeing the “washing machine” in Biggies house this season

Lifestyle4 hours ago

Support Groups for Breast Cancer

Entertainment4 hours ago

BBNaija 2021 Housemate Boma Featured in ‘Law & Order’, ‘Blacklist’ With Reddington (FULL DETAILS)

Entertainment4 hours ago

BBNaija 2021: Who Is Sammie? All The Facts You Need To Know About BBNaija 2021 Housemate Sammie

Lifestyle5 hours ago

3 Ways to Physically Prepare To Become Pregnant

Entertainment5 hours ago

BBNaija Season 6: Photos Of “Happily Married” Niyi, With His Wife And Son

Entertainment5 hours ago

BBNaija Season 6: An Exclusive Tour In The BBNaija House (Video)

Lifestyle6 hours ago

Five Important Things To Know Before Going For A Hair Transplant

Entertainment6 hours ago

BBNaija Season 6: Yerins Called Out For Refusing To Pay Back Loan

News10 hours ago

BBNaija: Meet new male BBNaija Shine Ya Eye housemates (phot)

News20 hours ago

Kika Goodhair reacts after alleged beating by the Ofori-Atta family

News23 hours ago

Kano Govt. to follow blasphemy case to logical conclusion — Ganduje

News17 hours ago

Why Nigeria can’t remain together – Wole Soyinka

News13 hours ago

“Don’t try to snap with me if you are not using iPhone 12” – Bobrisky warns fans

News9 hours ago

#BBNaija2021: Nigerians drag new housemate, Yousef for saying his students usually have crushes on him and “thank God he’s not a ‘pedophile’”

News7 hours ago

Meet BBNaija housemate, Niyi’s beautiful Wife, Bella (Video/Photos)

Sports19 hours ago

Andy Murray And Joe Salisbury Marked Themselves Out As Medal Contenders With A Brilliant First-Round Performance

News12 hours ago

El-Rufai’s ‘friend’ and Ex-Kaduna Deputy Governor Bala Bantex buried

News24 hours ago

Obi Cubana source of income, nobody’s business – Emeka Ike

Entertainment10 hours ago

BBNaija 2021: All You Need To Know About Housemate Yousef

News22 hours ago

Graduate who worked as security officer while schooling, gets job offer

News15 hours ago

Late Hon Ogba: I do not pray to come here for burial again, Okowa tells Isoko indigenes

News3 hours ago

“I’m a moving train, I’ll crush you” – Peruzzi reacts after being called out for walking out on fans (Video)

News18 hours ago

Veronika Dichka: Russian lady goes viral as she goes fishing with giant bear

News19 hours ago

I’m desperate for husband – Feminist in tears after years of being single

News10 hours ago

Igboho handcuffed, can’t move, eat but not beaten – Cotonou based lawyer

News23 hours ago

Police in Niger arrest husband, wife for faking wife’s kidnap

News11 hours ago

Kaduna: Hoodlums rob NECO official, mistake exam materials for money

Health18 hours ago

The 5 Best New Low-Sugar Wines on Shelves