Tag Archives: OML 29

OML 29: NOSDRA Dismisses Spurious Claims On Volume Of Oil Spill, Says Well Non Producing, Contains 80% Gas And 20% Crude

The National Oil Spills Detection and Response Agency (NOSDRA) has dismissed claims from several parties on the volume and cause of ongoing leak from Aiteo’s oilfield at Nembe, Bayelsa, as guesswork. Aiteo Eastern Exploration and Production Company (AEEPCO), operator of

BREAKING: Aiteo boss, Benedict Peters, In $2Billion Debt Scandal

…How He Sacked Financial Director, Bruce Burrows Trading house Aiteo, which had prospered under Goodluck Jonathan’s tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and