45 percent of the OML 18 after Shell Petroleum Development Company divested from some of its onshore assets in 2015.
He, therefore, said the actions of the other joint venture partners — NNPC and Sahara Energy — remain illegal and run contrary to the rule of law and in total breach of the terms and conditions stipulated in JOA. Onyeka said Eroton, which was validly “appointed operator of OML 18 via a legal and contractual process involving all the participating entities in the JOA, has approached the relevant courts to defend its legal rights”., he said Eroton has issued a notice of arbitration to NNPC and Sahara in accordance with the terms contained in the agreement.
According to Onyeka, since the fourth quarter of 2021, the federal government has received virtually “zero crude oil” from any company utilising the Nembe Creek Trunk Line .
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