Yinka Folawiyo Petroleum's OML 113 Licence Offshore Nigeria Renewed for another 20Y

Source: www.gulfoilandgas.com 8/24/2018, Location: Africa

MXO plc, an oil and gas investing company listed on AIM, is pleased to announce that the operator of the offshore licence in Nigeria, OML 113, in which it has an investment, has received consent from the Minister of Petroleum Resources for its renewal for another term of 20 years. The renewal is subject to the satisfaction of certain conditions, including a commitment to develop the gas potential of the licence.

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