July 03, (THEWILL) – The appointment of Bimbo Ashiru as the Board Chairman of O’odua Group, a conglomerate owned by governments of South-West states seem to be a blessing that is already yielding positive results as barely a week after his appointment, the conglomerate received its oil prospecting license. During the week, the Nigerian Upstream Petroleum Regulatory Commission issued Petroleum Prospecting Licences to successful awardees of Marginal Fields in a bid that began in 2020 and 161 companies shortlisted as winners of the 57 marginal fields put on offer, which spanned onshore, swamp, and shallow water.
O’odua Investment had sought an oil prospecting licence through its subsidiary company, BITA Marginal Field covered by PPL 249 to Bita Exploration and Production Company Limited. BEPL is jointly owned by O’odua Investment and Pioneer Global Resources Limited. The outfit will operate the issued license in the Nigeria upstream petroleum sector. Some of the companies which emerged as winners include Matrix Energy, AA Rano, Andova Plc, Duport Midstream, Genesis Technical, Twin Summit, Bono Energy, Deep Offshore Integrated, MRS, Petrogas and SunTrust Oil which has former banking doyen turned monarch, Ebitimi Banigo, as its chairman.
Ivory Ukonu is a versatile journalist with many years of experience, with entertainment and society reporting as her area of core competence.
