Responding to a request from MoP&NG, DGH has recently sent updated information to the ministry on the historic and prevailing structure of various revenue streams associated with the exploration and production of petroleum and gas business.
The information provided relates to royalty, profit petroleum, production level payment, Petroleum Exploration Licence (PEL) and Petroleum Mining Licence (PEL) Fee. The relevant extracts of the same has been reproduced herein for our readers.
