Masters Energy Gets FG’s Permit to Provide Aviation Logistics Support to Oil Sector 

Peter Uzoho

Masters Energy Oil & Gas Limited, a major indigenous player in the Nigerian oil and gas industry, yesterday received the midstream and downstream industry permit from the federal government to provide specialised aviation logistics support services to the sector.

The one-year permit, which was signed by the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, took effect yesterday, with an expiry date of July 13, 2024.

According to the letter seen by THISDAY, the specialised category permit allows the company to render services to the oil and gas industry in the aviation support in the next month year.

The regulator said the permit was issued to Masters Energy, “subject to the conditions prescribed in the Petroleum Industry Act (PIA) 2021 and the regulations made thereunder, now in force or which may come into force during the validity period of the permit and does not confer on the permit holder the right to sell or distribute petroleum products.”