Exploration & Production

Communities in Niger Delta challenge for oil block shares

Communities in the Gbaramatu district in the Niger Delta are demanding shares in an oil block owned by Nigerian company Neconde Energy and state-owned Nigerian National Oil Corp.
By Staff reporter 10 July 2017 0 26698

Communities in the Gbaramatu district in the Niger Delta are demanding shares in an oil block owned by Nigerian company Neconde Energy and state-owned Nigerian National Oil Corp., according to Bloomberg.

The block was previously owned by supermajor Shell, which promised the community a 5% stake.

This request has been subsequently denied by Neconde, according to the group.

Neconde denies that this deal existed and has said all obligations have been met.

The communities have given Neconde until the end of the month to resolve the issue.

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