TotalEnergies hands OLO Trust to Aradel
TotalEnergies has officially transferred the OLO Oilfield Host Community Development Trust to Aradel Holdings, marking a significant step in the implementation of the Petroleum Industry Act in Nigeria.
NUPRC supervises oilfield community fund transfer
The Nigerian Upstream Petroleum Regulatory Commission has overseen the transfer of the OLO Oilfield Host Community Development Trust from TotalEnergies to Aradel Holdings, aimed at ensuring continued support for host communities under new operational management.