Malabu OPL 245: We did no due diligence – DPR

14 December 2016, Abuja- Nigeria’s Department of Petroleum Resources admitted on Tuesday that no due diligence was carried out prior to the awarding of Oil Prospecting Licence 245 to Malabu Oil in 1998. The oil bloc, considered the richest in Africa, is estimated to contain about 9 billion barrels of crude. The licence was awarded during […] More »