Issue Description
The total oil royalty underpayment is US$46.674million .The companies involved are;
Dubri Oil- US$228,569.87
NPDC- US$22.835million
Newcross E&P- US$13,715million
ND Western- US$9.366million
Platform- US$ 529,430.87
The following companies defaulted in payment of royalty in 2016 - Panocean, Shoreline and Yinka Folawiyo
Neiti Recommendations
The nonpayment by these companies will result to revenue loss to the federation.
Status Implementation
Yes
Issue Status
ResolvedStakeholders
Accountable for Remedial Issue
NPDC
The Nigerian Petroleum Development Company (NPDC) Ltd is a fully-owned subsidiary of the Nigeria...
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Dubril Oil
Dubri Oil Company Limited (DOCL) was incorporated on 10th March 1987 in Nigeria. ...
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ND Western
ND Western Limited ("ND Western") is an independent Nigerian oil and gas exploration and product...
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Yinka Folawiyo Petroleum Company Ltd
Yinka Folawiyo Petroleum is a privately held operator founded in 19...
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Shoreline Natural Resources Ltd
Shoreline Natural Resources was incorporated in 2010. The company i...
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Pan Ocean Oil Company Ltd
Pan Ocean Nigeria Ltd started in 1973 and is the operator of OML98 ...
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Accountable for Remedial Action
DPR
The Department of Petroleum Resource (DPR) is a department under the Federal Ministry of Petrole...
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