Court stops revocation of Ondo’s Ororo Marginal Field

The Federal High Court sitting in Lagos has restrained the Minister of Petroleum Resources and Department of Petroleum Resources (DPR) from revoking the Ororo Marginal Field within OML 95 pending the hearing and determination of the substantive suit.

Justice Muslim Sule Hassan granted the order of interim injunction against the defendants following an application by Owena Oil and Gas Ltd.

The Ororo field, discovered in 1986, is located within OML 95 in shallow waters offshore Ondo State.

The field lies in water depths ranging between 23ft and 27 ft.

Details shortly…