Issue Description

The total oil royalty underpayment is US$46.674million .The companies involved are;

Dubri Oil- US$228,569.87

NPDC- US$22.835million

Newcross E&P- US$13,715million

ND Western- US$9.366million

 Platform- US$ 529,430.87

The following companies defaulted in payment of royalty in 2016 - Panocean, Shoreline and Yinka Folawiyo

Neiti Recommendations

The nonpayment by these companies will result to revenue loss to the federation.

Status Implementation


Issue Status



Accountable for Remedial Issue


The Nigerian Petroleum Development Company (NPDC) Ltd is a fully-owned subsidiary of the Nigeria...

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Dubril Oil

Dubri Oil Company Limited (DOCL) was incorporated on 10th March 1987 in Nigeria. ...

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Newcross E&P

Newcross Exploration and Production Limited (NewcrossEP) is an independent...

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ND Western

ND Western Limited ("ND Western") is an independent Nigerian oil and gas exploration and product...

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Platform Petroleum

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Yinka Folawiyo Petroleum Company Ltd

Yinka Folawiyo Petroleum is a privately held operator founded in 19...

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Shoreline Natural Resources Ltd

Shoreline Natural Resources was incorporated in 2010. The company i...

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Pan Ocean Oil Company Ltd

Pan Ocean Nigeria Ltd started in 1973 and is the operator of OML98 ...

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Accountable for Remedial Action


The Department of Petroleum Resource (DPR) is a department under the Federal Ministry of Petrole...

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