Indications have emerged that emerged that the government of Bayelsa has not given up on the Oil Mining Lease (OML) 46 licence it lost to revocation by Department of Petroleum Resources (DPR).
Bayelsa
Oil Company had reapplied for the licence during the last bidding by DPR but
the bid turned out unsuccessful.
Tthe
OML 46 asset held by Bayelsa government located within onshore swamps in
Bayelsa was won in 2013 through a bidding process conducted by the DPR.