The News Agency of Nigeria (NAN) reports that Bayelsa Oil Company reapplied for the licence during the last bidding exercise conducted by the DPR. Douye Diri, on Wednesday, expressed shock over the revocation and the state’s unsuccessful bid to reacquire the marginal field as the Bayelsa Oil Company was excluded from the bidding exercise. “There has been this issue of the Bayelsa State-owned Atala Oil Field. “Part of what I have done in the last one week of my absence was to state the position of the Bayelsa State Government, which I did very clearly to the President of the Federal Republic of Nigeria. “So our position on Atala Oil Field is that it is a prized asset of Bayelsa State and that revocation should be cancelled.

Source: The Guardian July 18, 2021 08:15 UTC