The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), MrsOritsemeyewaEyesan, has reaffirmed the NUPRC’s commitment to enabling a business-friendly environment and advancing the Federal Government’s gas agenda.

Under the arrangement, NDPHC will supply 10 megawatts (MW) of electricity from its Calabar Generation Company Limited.

Documents reviewed by this newspaper show that the proposed sale, involving Continental Oil and Gas Limited and a later entrant, Conpurex Limited, was formally terminated in October 2024 following missed payment obligations, unresolved breaches, and attempts to alter agreed terms in ways that would have reassigned core risks to the seller.

Despite this clear ownership structure on paper, multiple claims and transaction pathways have emerged over time, creating uncertainty about legitimate rights and interests in the asset. What initially began as a debt recovery process linked to Pan Ocean’s financial obligations has gradually evolved into a broader dispute over transactional interpretations and ownership expectations.

Ojulari attributed the production growth to the establishment of an integrated energy security framework for pipelines in the Niger Delta, noting that the success was the result of deliberate and coordinated efforts rather than chance.